The "peace process" which created two terrorist states inside Israel may have begun in Oslo, but it ended in Cairo. Normalizing relations with the rest of the Middle East was one of the carrots that got the Jewish state hopping down the appeasement trail-- and that carrot is now officially off the table.
The days when Thomas Friedman and his Saudi buddies could talk about normalization have passed. The Arab Spring saw to that and with Egypt, Tunisia, Libya and an unknown number of others sliding into the Islamist camp, and out of reach of negotiations, there's a New Middle East that has even less in common with the old gentlemanly diplomacy model than the old one did. Some of the dimmer Israeli leaders may still believe that peace is possible with the Islamists of Turkey's AKP, but not even they think that peace is possible with the Brotherhood.