Iran will give up any thought of building a nuclear weapon while Israel will give up any thought of retaining land beyond the 1967 line. Why do I believe that Israel would turn this down in a second. They have proven over and over again that having the lion's share of the land is most important trumping peace.
Trump: Middle East would be more stable if Saddam, Gaddafi still in power (Reuters)
from the article: Obama’s package deal: Nuke-free Iran for Palestinian state