Yes, there is a link

“That the Palestinian-Israeli conflict and the Iraq crisis are inextricably linked becomes more obvious almost by the day. Common sense suggests that a lasting solution to one is unlikely, if not impossible, without a solution to the other.”

So states this article in the Guardian.

I couldn’t have said it better myself.

Amazingly enough, even Bush’s bulldog, Tony Blair, understands the linkage, as this news article in the Guardian points out.