Explanation:

Recently, Israel and the United Arab Emirates, helped by the US, have arrived at an important peace agreement.

• The UAE is the member of OPEC and Israel is not a member of OPEC Plus.
• The UAE will become the third Arab nation to recognise Israel and to have a normal diplomatic relations with Israel after Egypt (in 1979) and Jordan (1994).  
• On August 13, 2020, the Israel-United Arab Emirates Peace Agreement or the Abraham Accord was agreed and announced in a joint statement from the White House (USA).
• Israel will now have diplomatic and economic relations with UAE, a country that had not recognized it. In return for recognition and relations, Israel has pledged to suspend its ambitions to annex parts of the West Bank.

Hence both statements 1&2 are incorrect.