Palestinian President Mahmoud Abbas yesterday.(Bulent Kilic/AFP/Getty Image)

• President Obama will offer President Abbas additional aid for Gaza when they meet at the White House today. [Reuters/Haaretz]

• 12 out of 15 members of the U.N. Security Council, including all five permanent membrers (including China), seem ready to approve limited new sanctions on Iran. Vote is today. [NYT]

• But savvy deal-making has allowed the Islamic Republc to insulate itself somewhat from sanctions. [WP]

• Israel has spent several months trying to persuade China that they should approve sanctions in order to avoid an Israeli attack on Iran and the economic instability that would follow. [NYT]

• Prime Minister Netanyahu, whose visit with President Obama several days ago was canceled amid the flotilla fallout, will meet with Obama when he is back in Washington, D.C., at the end of the month. [JTA]

• An exploration of how the blockade has decimated Gaza’s merchant class and, really, whole private sector. [WSJ]