There seems to be gathering rumours of an under-the-table, non-official alliance between Israel and Saudi Arabia. Both fear the rise of Iran and Hizbulla and it would be logical that they work together however weird that sounds.
What are the chances that such a relationship is being formed and that Israeli intelligence would share classified information with Sunni superpowers and vice versa? If it is true, how will this reorientation impact the Middle East? What will the effects of this new political power balance be?