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Background from Wikipedia
In 1987 Israeli Foreign Affairs Minister Shimon Peres and King Hussein tried secretly to arrange a peace agreement in which Israel would concede the West Bank to Jordan. The two signed an agreement defining a framework for a Middle Eastern peace conference. The proposal was not consummated due to Israeli Prime Minister Yitzhak Shamir's objection. The following year Jordan abandoned its claim to the West Bank in favor of a peaceful resolution between Israel and the PLO

So what if Jordan actually does re-annex the West Bank in 1987? Egypt had already re-annexed the Sinai Peninsula a decade earlier in the Camp David Accord. With a peace treaty signed between Jordan, Israel and Egypt, might peace have been achieved?

The Golan Heights and Gaza Strip would still remain an issue. How would these remaining issues be resolved if Jordan were to annex the West Bank?

Would Jordan simply annex the Gaza Strip too?
Would Egypt simply annex the Gaza Strip?
Would the Gaza Strip become it's own independent state?

How would life for Palestinians in the West Bank change by going back to Jordanian rule? Would the territory be neglected and remain in poverty or would funds pour into education, infrastructure, roads etc for it's development and integration into the rest of Jordan?

Personally, I think this would have brought us much closer to peace.
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