Since the inauguration of the land-for-peace process between Israel and the PLO 19 years ago, the Palestinians have repeatedly demonstrated their bad faith.
The rise of the forces of jihadist Islam in Egypt places the US and other Western powers in an uncomfortable position. The US is the guarantor of Egypt's peace treaty with Israel. That treaty is based on the proposition of land for peace. Israel gave Egypt the Sinai in 1982 and in exchange it received a peace treaty with Egypt. Now that the Islamists are poised to take power, the treaty is effectively null and void.