Why it is a priority for Obama, has a simple answer: it affects US national security. With US Military in the Mid-East and Diplomacy with Muslim countries, a settled, negotiated peace helps the USA. A lack of peace hurts the USA. This is why the US has been subsidizing Israeli's military for decades--to achieve peace.
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Turkey ends 'successful' military operations against Kurdish militants in Cizre (AP)
from the article: U.S.: Direct talks can achieve Mideast peace in one year