Peace in the Middle East has been elusive. It has been bedeviling and challenging because of Arab intransigence and delusional thinking. The Partition Plan of 1947 was accepted by Israel and rejected by the Arab world leading to five Arab countries attacking Israel.

More than 75 years of efforts to broker a two-state solution have failed—and the odds of success have only grown longer.

A historic shake-up of the Middle East is starting to draw international investors, warming to the prospects of relative peace and economic recovery after so much turmoil.