President Trump will announce the U.S. recognizes Jerusalem as the capital of Israel on Wednesday afternoon.

However, he will sign a waiver delaying the relocation of the U.S. embassy from Tel Aviv to there, senior administration officials said Tuesday.

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The announcement will be watched by other world leaders who fear the move will undermine peace negotiations between Israelis and Palestinians and spark protests across the Middle East.

Trump is expected to make the announcement at 1 p.m.

Watch live in the video above.

Read more from The Hill:

Trump to recognize Jerusalem as Israeli capital

The Memo: Trump rolls the dice on Jerusalem