Washington reportedly refused to show Israel a draft of the MOU when asked. Therefore, without its buy-in, Israel is not obliged to adhere to the deal.
Solving the country's acute power shortage is a priority for Zaidi, who is looking to strike much-needed investment deals with US companies, whilst also keeping Iran onside
Netanyahu continues to defy calls from Washington to pump the brakes on Israel's offensive in Lebanon, something Iran has linked to a future peace deal
Legislation to fund the American military and intelligence services will include requirements that Israeli defence firms be involved in sensitive projects and that classified information be shared
Even if diplomatic progress continues, the Strait could be closed again. As a result, the geopolitical risk premium attached to Gulf energy exports is unlikely to disappear entirely.