I'm a US citizen (with Israeli family and friends). I live and work in Israel. It's about as safe now as it has ever been. There are some awesome deserts in the south and east, lovely green country in the north, historic sites and lively cities. If you like birds, this turns out to be a key stop on all the Europe to Africa migratory flyways. You will find very nervous people at the borders, but come on over. (The Persian gulf is a long way away, but we do have a Red Sea, and both the Sinai shores and the Jordanian mountains around Petra are accessible from Eilat.)
for some recent shots of the deserts and of the north.