Actually, so long as the Arabs suffer from the curse of oil wealth, Israel likely has nothing to fear. While it's not impossible for the Arab states to develop into an existential threat to Israel while their leadership bases their power upon natural resources and/or external sponsorship, it's once that is gone that the conditions for strong Arab states will develop.
This resolution demonstrated my point. Egypt, with its dependence upon external sponsorship, was able to be persuaded to withdraw the resolution. Had Egypt been independently strong, that wouldn't have happened.
Egypt is not an oil-rich country.
