Israeli prime minister delivered to McCain and Obama his terms of any future agreement with Palestinians. The draft includes full demilitarization of Palestine, refusal from all foreign military alliances, and Israeli control over Palestinian airspace, borders, and major roads.
Palestinians would hardly accept so humiliating terms, but more importantly, the demands are empty. Once the peace agreement is signed and Palestine, say, acquires rockets in the direct violation of the agreement, Israel would do nothing just as she doesn’t act now when Hamas and Hezbollah violate the respective ceasefires by multiplying their arsenals. The US guarantees would be worthless as always, like in 1970 when Nixon Administration imposed ceasefire on Israel in the War of Attrition but did not react when Egypt immediately violated the ceasefire by moving its SAM batteries to the Suez. Those batteries allowed Egypt the tactical victory in the opening days of the 1973 war.