Are we witnessing a historical and fundamental change in relations between Israel and its Arab neighbors?

The signs include the quiet but obvious warming of ties between Israel and Saudi Arabia in the last few years, as both countries face a common enemy in Iran. But now Israel is about to undertake a much more fundamental test of its acceptance (not welcome, heaven forbid) in the Middle East.

The test in effect began on Wednesday, when Israel’s Delek Group and Noble Energy of the U.S. signed an agreement taking a stake in the abandoned EMG pipeline running between Egypt and Israel.

The energy business at once offers the prospect of big economic benefits for everyone involved, but could end up coming to nothing if the region’s volatile politics gets in the way.

Read the full article at Haaretz here.