Well, the Bible states that Israel will be in constant strife with the nations and peoples surrounding it, until the Lord comes again to rule. So, until then, I think that there will be continual unrest and war in that region of the world and all of it will be centered around Israel and the Jews. One may try to force a peace upon the two groups but one must also understand that the Jews will never give up their home, especially Jerusalem. One must also understand the Jews will be victorious in whatever battles come their way. They are a blessed and intelligent people. They are God's people.
So, while peace would be great, I doubt there ever will be peace for the Middle East until Christ is reigning over all the earth.
This is my signature