Unfortunately not true. The decider would be Saudi Arabia. Bush is only the instrument, The Saudis are pulling te strings. In any event, it is not in Israel's favor. The peace would be a false peace at the descerstion of when and where the Arabs are strong enough to strike further to get their ultimate desire-the elimination of Israel entirely. And Bush now becomes complicit.
Aden hotel used by Yemen goverment hit by grenade (Reuters)
from the article: PA: We may skip summit if a joint statement is not agreed upon