In a deal scheduled to be finalized tomorrow during Prime Minister Benjamin Netanyahu’s visit to London, Israel will accept a resumption of peace talks with the Palestinian Authority. The deal came as a result of President Obama caving to virtually every demand made by Israel.

In essence, the Israeli government will freeze new construction in the West Bank, potentially for as much as a year, while continuing ongoing construction projects. East Jerusalem will reportedly not be part of this freeze. In return, the United States will reportedly back massive new sanctions against the Iranian government and will stop criticizing the growth of the settlements.

The State Department had confirmed yesterday that they were “close” to reaching a deal with Israel, but said that “the Arabs are more difficult to pin down.” Since all the Palestinians have really asked for is a permanent halt to settlement constructions and the US has apparently abandoned that request, its going to be a difficult road to a deal.

The ability to get those sanctions, which would in essence cut Iran entirely out of the international oil and gas market and cripple their economy, passed in the United Nations is likewise in serious doubt. Both Russia and China have previously objected to the most harsh sanctions, and this push is likely to be no different.