Alerted via Twitter to a significant change IMHO; two strategic islands in the Straits of Tiran, subject of a territorial dispute between Egypt and Saudi Arabia are to become Saudi territory. The straits enable Israeli access to the Red Sea and their closure in 1967 contributed to the 'Six Day War'. As part of the Camp David Agreement the US MFO have an outpost there. See:https://en.wikipedia.org/wiki/Tiran_Island

Twitter citing two Egyptian tweets:
Egyptian cabinet just confirmed giving Saudi Arabia the islands Tiran and Sanafir...After whichEgyptian Twitter, FB exploded. Trending hashtags accuse Sisi of selling territory for Gulf money.
An Israeli news site indicates this change is not a big surprise, but wonders what the implications are:http://www.ynetnews.com/articles/0,7...789308,00.html

Curiously a BBC report treats this as a commercial matter strengthening ties and a bridge that will link the two nations:http://www.bbc.co.uk/news/world-middle-east-35999557

One wonders how Israel will react. Presumably they were aware of the possibility as the two regimes have got closer. Working out the details will be interesting: the MFO outpost is now on Saudi territory; freedom of navigation; the bridge and far more.