The London Agreement was a significant diplomatic development crafted in private discussions between Shimon Peres, who was then serving as Israel's Foreign Affairs Minister, and King Hussein of Jordan. The bilateral talks sought to establish a common ground for cooperation, addressing vital regional issues amid ongoing tensions in the Middle East. Held in London, the discussions were characterized by a spirit of optimism, despite the fraught political landscape surrounding Israel and its neighbors at the time. 

One of the key aspects of the agreement was the shared goal of achieving peace and security in the region, which both leaders saw as essential for the stability of their nations. The London Agreement emphasized dialogues on economic cooperation and the importance of mending relations post-1967 Arab-Israeli War. However, the secrecy of the signing was essential to safeguard the initiative from potential backlash within each country, especially from factions more resistant to rapprochement.

This agreement would not have significant immediate public attention but laid foundational ideas for further diplomatic negotiations that culminated in the eventual signing of a peace treaty between Israel and Jordan in 1994. The relations formed during these discussions represented a crucial shift in the delicate interplay of Middle Eastern politics, illustrating how informal, behind-the-scenes dialogues could lead to more formalized agreements.