Fourth, there isn’t a lot to negotiate. In the 17 years since the Oslo accords were signed, detailed final status negotiations have dealt exhaustively with all the critical issues. If an independent Palestinian state is to be established, the zone of agreement is clear and the necessary trade-offs are already known.

Security arrangements were all but settled in 2000 at Camp David before the talks collapsed. The increased threat of rocket attacks since then, among other developments, require the two sides to agree on stricter border controls and a robust third-party force in the Jordan Valley. But one year is ample time to resolve this. In fact, if the leaders are sincere in their intent to make a deal, dragging out the negotiations would only weaken them politically and give time for the opponents of peace to rally.

In short, the negotiating environment is better suited to peacemaking today than it has been at any point in the last decade. The prospects for peace depend now on the willpower of the leaders.