Trump’s Peace is a blockbuster of a book. Barak Ravid captures the 45th president saying “Fuck him” to Benjamin Netanyahu and reducing American Jews to antisemitic caricatures. Imagine the Republican reaction if Barack Obama had done that. Sean Hannity, Tucker Carlson and Laura Ingraham would plotz. But Trump? Crickets.

Ravid also delivers a mesmerizing tick-tock of the making of the Abraham Accords, the normalization of Israel’s relations with four non-neighboring Arab states.

Donald Trump, Jared Kushner, Yousef al-Otaiba – the United Arab Emirates ambassador to the US – and members of Israel’s government took the time to talk. Ravid footnotes the receipts.

The result is a well-paced and engrossing read, if in Hebrew only for now. Israel-born and based, Ravid writes for Axios and Walla, an Israeli website. He knows his subject. Netanyahu is caught telling Avi Berkowitz, Kushner’s deputy and a US negotiator, not to leak to the author. Instead, Berkowitz talked on the record.

Technically, the Abraham Accords are a joint declaration signed by the US, Israel, the UAE and Bahrain. Practically, the agreements represent the first major breakthrough in Middle East peace since the October 1994 treaty between Israel and Jordan. Unlike the Hashemite kingdom, the UAE and Bahrain do not border Israel, are graced with petroleum reserves, and stare at Iran across the Persian Gulf.

According to Ravid, the nuclear threat posed by Tehran and the unrest that followed the Arab Spring reshaped policies and thinking towards normalizing relations with Israel. The Palestinians no longer occupied center stage.

Ravid reports that Netanyahu backtracked on a commitment to annex part of the West Bank after being subjected to US pressure. Apparently, the Trump administration made clear it would continue to shield Israel in the United Nations security council but would not at the International Criminal Court. Netanyahu got the message. It came down to a UAE ultimatum: settlements or peace. Netanyahu blinked.

Ravid regards Sheikh Mohammed bin Zayed, also known as MBZ, crown prince of Abu Dhabi, as an unsung hero. He compares MBZ to Anwar Sadat of Egypt, who made peace with Israel then paid with his life.

By the numbers, the Abraham Accords are yielding dividends. The UAE has announced a $10bn investment fund in key Israeli economic sectors and envisions more than $1tn in trade over a decade. Saudi Arabia looks to Bahrain as a conduit for investment in Israel and the Biden administration is “leaning” into the accords, after first hesitating.

Ravid portrays Trump and Netanyahu as divisive leaders who threatened their countries’ democratic moorings. He recounts the 6 January insurrection in the US and Netanyahu’s resort to incitement. And yet, Ravid argues, fairness demands that both receive credit for this particular accomplishment.

Understandably, Ravid is more ambivalent toward the US withdrawal from the Iran nuclear deal, a legacy of the Obama administration hated by Netanyahu and Trump. In Trump’s telling, his decision to pull out was not the result of Israeli urging. Rather, the deal was flawed and deserved to be scrapped.

That verdict is not unanimous. Ravid quotes Udi Lavie, former deputy chief of the Mossad, who says the US withdrawal did not benefit Israel but hurt it. At the same time, Ravid observes that Netanyahu and Yossi Cohen, a former head of the Mossad, harbor no such regrets.

Negotiations with the Iranian regime continue, with no tangible signs of progress. As Israel girds for possible conflict, its message is conflicted.

A recent New York Times headline blared: Israeli Defense Officials Cast Doubt on Threat to Attack Iran. On the other hand, Amos Yadlin, a former air force general, told the paper his country has the capability for a successful strike.

“Can the American air force can do it better? Definitely. But they don’t have the will.”

Or necessarily the same strategic interests. Trump’s ascendance in 2016 was directly related to the Iraq war and its casualty count.

Ravid also offers his take on Trumpworld. He stresses that Kushner was neither ideologue nor idealist. At heart he was a businessman, sympathetic to Israel but not seeing annexation as a personal cause. Nor, Ravid says, was Kushner driven by religious sentiment – as was Mike Pompeo, Trump’s secretary of state. The Messiah could wait.

Nor, unlike Condi Rice, George W Bush’s secretary of state, did Kushner regard Palestinians stuck at Israeli check-points as – in Ravid’s words – “the reincarnation of Rosa Parks on a bus in Alabama”.

In contrast to Kushner, David Friedman, Trump’s bankruptcy lawyer and ambassador to Israel, viewed the two-state solution as an “illusion”. Before he took office, he derided Jews on the left as “worse than Kapos”. His nomination narrowly cleared the Senate.

As ambassador, Friedman was close to Netanyahu, sitting in on Israeli government meetings until he was tossed out by cabinet members. Ravid describes Friedman as “flesh of the settlers’ flesh”. Friedman has taken issue with portions of Ravid’s reporting – and has a book due in February.

Earlier this year, Friedman told the Times he would not rule out becoming a US-Israeli dual national, but not until Trump’s plans for 2024 were known.

“I’m going to stay American-only for at least four years,” he said. “I want to give myself every opportunity to return to government.”

Maybe, maybe not. Trump remains on the stage, ready to kneecap any competitor for the Republican nomination. Netanyahu is standing trial on bribery and corruption charges while leading the opposition bloc in Israel’s Knesset.

Paradoxically, his efforts to cling to power may be the best insurance policy for the current coalition government. One thing is certain: the two men created facts on the ground that will outlast them both.

• Trump’s Peace: The Abraham Accords and the Reshaping of the Middle East is published in Israel by Yedioth Ahronoth Books