Analysis: The joint agreement between Saudi Arabia, Turkey and Pakistan is a significant loss for Israel and the US; it shows Gulf states' disappointment with the US and its failure to defang Iran, and makes clear the price of Israel's refusal to normalize with Riyadh

A critical consequence is that Pakistani leadership may now price an escalation cheaper than earlier. This raises the likelihood of a crisis rather than a single campaign.

The importance of the agreement between Saudi Arabia, Turkey and Pakistan may be economic-political rather than military. Sources in Jerusalem see the new axis as having potential…