The once-firm allies reached the agreement on Sunday after a six-year rift over the Israeli navy's killing of 10 Turkish pro-Palestinian activists who tried to sail to the blockaded Gaza Strip in 2010.
The rare rapprochement in the Middle East, bitterly divided over Syria's civil war, has been largely driven by increasing security risks with the rise of Islamic State, and as both countries seek new alliances amid a polarized region.
Speaking after meeting U.S. Secretary of State John Kerry in Rome, Netanyahu said the agreement was "an important step".
"It has also immense implications for the Israeli economy, and I use that word advisedly," he told reporters together with Kerry. Israeli officials have raised the prospect of lucrative Mediterranean gas deals once ties with Turkey were mended.
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