President Donald Trump has secured a framework agreement with Iran and is presenting it as a historic peace breakthrough. Supporters hail it as a major diplomatic achievement that reduces tensions, lowers the risk of war, and opens new channels of communication between Washington and Tehran.

They may be right. Yet if Trump still harbors ambitions for a Nobel Peace Prize, he may be thinking too small. Even normalization between Israel and Saudi Arabia would pale beside a truly transformative breakthrough: an agreement in which Iran formally ends its conflict with Israel as part of a broader regional settlement that includes the creation of a Palestinian state.