The Trump administration's Middle East policy focused on isolating Iran and building closer ties between Arab states and Israel. However, the geopolitical landscape in the region has significantly changed, with alliances shifting and priorities evolving. The space for deal-making has shrunk due to various factors, including the increased importance of Palestinians in negotiations and Israel's ultraright government's unwillingness to make concessions. Additionally, relations between Iran and Gulf states are thawing, as these states recognize the US's disengagement from the region. Saudi Arabia may seek a defense pact with the US, but it would likely require formal recognition of Israel, which poses a challenge.