The Nobel Peace Prize is one of the most prestigious honours that can be awarded to individuals and organisations internationally.

In a gesture of support, Netanyahu, during his latest visit to the White House on Monday, presented Trump with a copy of a letter he said he sent to the Nobel Prize committee. “It’s nominating you for the Peace Prize, which is well-deserved. And you should get it,” Netanyahu said.

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.