(Reuters) -Israeli Prime Minister Benjamin Netanyahu has nominated U.S. President Donald Trump for the Nobel Peace Prize, the highest profile international award given to an individual or organization deemed to have done the most to "advance fellowship between nations.

Trump's current odds for winning the Nobel Peace Prize range between 17/2 (10.5 percent) and 6/1 (14.3 percent) across several major sportsbooks, according to the betting website Oddschecker, placing him as the second favorite for bookmakers.

The Israeli leader said in the letter that he was nominating him for his role in the 2020 Abraham Accords, which established normalized diplomatic relationships between Israel and the nations of Morocco,

President Donald Trump secured a major legislative victory with the passage of his "Big Beautiful Bill" in July. See his latest approval rating polls.

Planned Parenthood filed a lawsuit against the Trump admin, challenging a provision in the president's domestic policy legislation.

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The move marks a renewed push by Trump to intensify trade pressure on U.S. allies after a pause in his tariff escalation.

Over the past three months, nations across the world tried to avoid new tariffs that would punish their economies by giving President Donald Trump something he might want. Indonesia offered to buy $34 billion more

President Donald Trump has sent letters to 14 countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1

President Donald Trump on July 7 threatened to impose 25 percent tariffs on Japan and South Korea, and levies as high as 40 percent on 12 other countries, if they did not reach a deal by Aug. 1.

U.S. President Donald Trump on Monday reiterated that countries that don't make trade deals with the United States will get letters, informing them of the tariffs they will be charged if they export products to the United States.