Consider the following statements : Statement-I : Israel has established diplomatic relations with some Arab States. Statement-II : The 'Arab Peace Initiative' mediated by Saudi Arabia was signed by Israel and Arab League. Which one of the following is correct in respect of the above statements?
Explanation
Statement-I is correct because Israel has established formal diplomatic ties with several Arab nations, including Egypt (1979), Jordan (1994), and more recently the UAE, Bahrain, and Morocco under the 2020 Abraham Accords. Statement-II is incorrect because while the Arab Peace Initiative (2002) was a Saudi-led proposal endorsed by the Arab League, it was never signed or accepted by Israel. This question tests the core concept of Middle East geopolitics and the distinction between proposed peace frameworks and actualized diplomatic treaties.