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(Bloomberg Opinion) — If the latest idea out of the White House works, it could bring the foreign policy of President Joe Biden full circle in less than a year, with an ironic twist. The US and Saudi Arabia, according to Bloomberg News, are once again getting close to a historic pact. But whereas its first iteration was intended as a three-way deal with Israel to isolate Iran, this version would aim just as much to pressure Israel. Here's the design of the entente on which the US, Saudi Arabia and Israel were converging before Hamas attacked Israel on Oct….
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