The biggest immediate winner is Donald Trump. This is his first proper diplomatic coup, if you were to brush aside the photo-op gaffe with Kim Jong-Un in '18.
With the Prez Elections around the corner, the timing is impeccable.
TBH, Palestine was never getting independence. It's always been exploited as diplomatic leverage by Arab nations, who've also used it portray to their domestic audiences that they're "defenders of Islam".
If relations continue to normalise between Israel & other Arab nations, Iran & its proxies could lose influence in Lebanon, Syria, Iraq & even Yemen.
Good for NATO & the West, not good for power balance in the Mid-East.
Apart from our 6-year old and ever-warming relations with Israel, India has notably been snubbed Iran in the past and is realigning itself with Saudi, for a variety of reasons.
The multi-polar world is increasingly looking bi-polar again: with US, NATO, Israel, India & Arab nations on one side; and China, Pak, Iran on the other.
Odd one out is Turkey 🤡
Expect them to double down on their own sphere of influence, as in Ukraine, Belarus and other ex-USSR states.
Something India should have started doing by now in Kashmir, since it's been a year since the abrogation of Art 370!