During his visit to Israel, U.S. President Barack Obama spoke in favour of both the Israelis’ right to security and the Palestinians’ right to sovereignty. The issue of settlements, however, remains unresolved and it is unlikely that Israel will make concessions when its neighbours are in turmoil.
In spite of the measures adopted by Israel during the UN bid to grant Palestine 'non member observer state' status, Palestine won the bid with overwhelming support from the international community. However, a peaceful solution to the two-state solution still remains distant.
Rivals Iran and Egypt have become the two most important powers in today’s West Asia. Yet, Iran is looking for neither a smooth victory nor a quick failure for Egypt’s rise. Tehran will remain the key regional player, while it’s too early to tell if Cairo is capable of overcoming Iran’s influence.
The series of Israeli offensives against Gaza, which began on November 4, ended when Egypt's new President Mohamed Morsi brokered a ceasefire between Hamas and the Israeli government on November 13. The possibility of this ceasefire holding up, however, seems remote.