Israel and Turkey have announced the return of full diplomatic ties between the two nations, including the reinstatement of ambassadors and consulate generals. This constitutes an important asset for regional stability and very important economic news for Israelis. Their relationship had deteriorated over the Israeli-Palestinian conflict, and Erdogan has been a harsh critic of Israel in its conflict with the Palestinians. Turkey has also hosted several Hamas leaders, which further strained relations between the two nations. Many believe Erdogan’s wish to renew these relations is a result of Turkey's economy floundering and his popularity dipping as a result.