A guest on Hugh Hewitt last week speculated that Trump’s “big announcement” might be Saudi Arabia joining the Abraham Accords. That seems more likely to me than Trump recognizing a Palestinian state.
It’s possible the UK trade deal was the big news, but I doubt it. Saudi Arabia signing a peace deal with Israel would indeed be worthy of the build up.
It’s going to take the majority of the Arab world recognizing Israel before the Palestinians figure it out for themselves. It’s a big mess but I wouldn’t run to recognize a Palestinian state before they actually declared their own independence. Nobody should be more Palestinian than the Palestinians.