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I think that history has shown that these two states can not and will not be able to sustain peace over any period of time. The story between these two countries starts shortly after the First World War. The defeat of the Ottoman Empire caused the League of Nations to split up their existing territories. Palestine happened to be one of the affected territories. The British and the French saw this as an opportunity to expand their empires (Origins).
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New York, NY: Oxford University Press. Pappe, I. (2006). A History of modern Palestine: One nation, two peoples (2nd ed.). Cambridge: Cambridge University Press.
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Additionally, this crisis led to many instances of racial discrimination toward Iranian-Americans and Iranian immigrants. Even after the Hostage Crisis was resolved, the bad blood between the two countries continued; the United States helped Iraq in the war against Iran, and the Iranians backed a second hostage situation in Lebanon. The Iran Hostage Crisis was a very important event that impacted America in many ways and destroyed our relationship with Iran. The consequences of this event are still felt today and continue to our foreign policies toward Iran. Throughout the 20th century, the United States tried to control Iran to ensure the exportation of oil to America.