Netanyahu lauds benefits of normalizing ties with Turkey

Israeli Prime Minister Benjamin Netanyahu said on Monday that his nation's agreement with Turkey to normalize relations will have "immense" implications for the Israeli economy.

The Israel-Turkey reconciliation deal was meant to end a bitter six-year rift between the Mideast powers.

Speaking in Rome after talks with US Secretary of State John Kerry, Netanyahu said on Monday the agreement was an important step, alluding to the development of Israel's offshore natural gas reserves.