nirreich
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Since israel has a massive military advantage today, it has no ground to possess nukes today, it can always give up its nukes.
The problem is that the ME is the most unstable region in the world, and Israel is still isolated and none of the countries in the region are ready to accept Israel as a Jewish-nation state. The radical axis of Iran, Syria, Hizbuhalla and Hamas is still planning how to destroy Israel by terrorism and military force. Furthermore, Iran's nuclear ambitions threatens Israel like the possibility of nuclear weapons in other Arab and Muslim countries (such as Egypt, KSA and Turkey). Their nuclear ambitions are part of the power struggle between the Muslim countries of the ME and got nothing to do with Israel's nuclear programme (Iran wants nuke to dominate to region, KSA and Egypt wants to counter Iran, etc.)
The condition for Israel's nuclear disarmament is very simple: permanent peace agreements and normalisation with all the countries of the ME. When that happens Israel will be able to have security and will not fear from the possibility of more attempts to eliminate it.