The Biden administration and Saudi Arabia are finalising an agreement for US security guarantees and civilian nuclear assistance, even as an Israel-Saudi normalisation deal envisioned as part of a Middle East “grand bargain” remains elusive, according to seven people familiar with the matter. A working draft lays out principles and proposals aimed at putting back on track a US-led effort to reshape the volatile region that was derailed by the Hamas-led 7 October attack on Israel and the outbreak of war in Gaza, according to two sources who have seen the document. It appears to be a long-shot s…