ROME -- Israel and Turkey have announced a reconciliation deal to end a bitter six-year rift between the Mideast powers.

In Rome, Israeli Prime Minister Benjamin Netanyahu says the deal would help bring "stability" to the turbulent Middle East.

His Turkish counterpart, Binali Yildirim, made a simultaneous announcement in Ankara.

Relations between the once-close allies imploded six years ago after an Israeli naval raid killed nine Turks on board an aid ship trying to breach Israel's blockade of the Hamas-controlled Gaza Strip.

Under Monday's deal, the two countries will restore full diplomatic relations. Israel will pay $20 million in compensation, and it will allow Turkey to carry out a series of aid projects in Gaza.

Yildirim said the deal "largely" lifted the Israeli blockade, while Netanyahu said the blockade remains in place.