That might work if both countries had independent economies. Israel has a strong economy. But Palestine is extremely poor. You can't hit a country with economic sanctions if they are already poor with limited resources.
Think about it this way. If Palestine doesn't want to be any poorer, it will cooperate. If Israel doesn't want to continue being further vilified by international community, it will cooperate also.
They don't call the US the most powerful nation on Earth for nothing. The US has the power to force peace in the ME if it has to, economically.
You're right, US could force peace in the Middle East. But we need a president with a back bone to do it.
Palestine is at the bottom. Poor is actually an understatement for what they are. Israel already limits their shipment of food and supplies.
Gaza blockade is an example of how they don't have access to basic supplies.
Many of them have it in their mind they're going to die of either hunger or be killed. Pretty hard to put sanctions on a people that don't give a ****.
Israel won't cooperative. Especially with our incoming president. Perhaps if there was a
More balanced incoming president Israel would cave. But they know Trump is going to be sworn in in 3 weeks. He's going to give them whatever they want.