With all the animosity in the Mideast, it is easy to forget that several peace agreements were signed and some even implemented.
While people talk about the necessity to make peace, the question is whether peace agreements between Israel on the Arabs actually have any value at all, other than a photo-op for Arab dictators.
The first agreement with Egypt was, IMHO, totally worthless.
Israel gave away the entire Sinai and got nothing in return: no trade, no normalization, not even a "cold peace", but rather a "cold war." Evere since the peace agreement, Egypt have never stopped publishing anti-semitic propagarnda, and has voted in favor of every anti-Israel resolution at the UN. To top it all off, Egypt has led the League of Arab nations to push for a renewed boycott of Israel. At this point, Egypt has even withdrawn its ambassador to Israel. The only thing that was ever kept, was the land Israel gave up.
The Jordanian peace agreement also has no real value. The hashemite Kingdom was always secretly pro-Israel, because the other Arab countries (and especially the Palestinians) were trying to overthrow the monarchy. So not much has really changed since the peace agreement was signed. Actually, to appease its extremist anti-Israel population, the Jordanians, too, have withdrawn their ambassador to Israel.
The peace agreeemnts with Arafat have brought nothing but mass murders of Jews, while valuable Jewish land, including some biblical birthrights of the Jewish people, were handed over to Palestinian control.
The question is whether this land for peace formula has ever worked, or whether a peace agreement is even worth having at all with the Arabs, since it is never mutually beneficial, but always one-sided, only bringing benefit to the Arabs.