Khalid Al-Falih, Saudi Arabia’s minister of investment, said talks toward the normalization of ties with Israel remain on the table but have always been “contingent on a pathway to a peaceful resolution of the Palestinian question.”

“That was on the table — it remains on the table and obviously the setback over the last month has clarified why Saudi Arabia was so adamant that resolution of the Palestinian conflict has to be part of a broader normalization in the Middle East,” Al-Falih said on a panel at the Bloomberg New Economy Forum in Singapore.