Israeli Prime Minister Benjamin Netanyahu has nominated U.S. President Donald Trump for the Nobel Peace Prize, the highest profile international award given to an individual or organization deemed to have done the most to "advance fellowship between nations.

President Donald Trump and his allies are using the tentative ceasefire agreement between Israel and Iran as a reason to argue he should receive the Nobel Peace Prize, an award Trump has been angling to receive for years.

"Few leaders have achieved such tangible breakthroughs to peace in such a short time," Netanyahu wrote of Trump, who was nominated for the prize during his first term