A US-backed peace deal would let Gulf countries fund Iran's reconstruction if Iran gives up its nuclear program — good news for Iran and for anyone who wants the war over, bad news if Israel blocks it.

• Iran could get a $300 billion reconstruction fund, paid by Gulf countries, but only if it ends its nuclear program and accepts inspections.
• The deal was supposed to be signed Sunday but got pushed to Friday in Geneva.
• Israel struck the Beirut suburbs over the weekend, blamed on Hezbollah rocket fire, but seen here as an attempt to wreck the peace deal.
• The big payout to Iran is read as a sign the US and Israel came out of the war weaker than admitted.

Outlook: The deal may be signed Friday, but the open question is whether Israel tries to kill it and how Trump responds if it does.