Will there ever be lasting peace in the region ?
Likely not, unless science finally proves there are no Gods or supernatural beings. And even then, the hatred between the Israelis and some of the Arabs that has built up will probably cause them to keep fighting just because of that.
Todays activities:
"Over 100 Israeli aircraft were involved in an attack on Iran on Saturday
This large-scale assault involved over 100 aircraft. According to foreign reports, strikes focused on Tehran and Karaj."