Success is not assured but America is resolute: this is the best chance for peace we are likely to see for some years to come - and we are acting to help Israelis and Palestinians seize this chance.

We will stand up for our friends in the world. And one of the most important friends is the State of Israel. My administration will be steadfast in support Israel against terrorism and violence and in seeking the peace for which all Israelis pray.

Hezbollah's contempt for human suffering is total as it showed once again this morning when its rockets murdered two Israeli Arab children in Nazareth.

If you look at military and intelligence positions from the 1950s the Israeli-Palestinian conflict has always been against American national interests.

And on the other hand we see that the Israeli government is attacking that part of the Palestinian leader.

The Israeli government has proved over the past year its commitment to peace both in words and deeds. By contrast the Palestinians are posing preconditions for renewing the diplomatic process in a way they have not done over the course of 16 years.

But there's one thing we are not going to compromise at all: when it comes to security of Israeli citizens and the State of Israel there are not going to be any compromises - not now and not in the future.

Blowing up buses will not induce the Israelis to move forward and neither will the killing of Palestinians or the demolition of their homes and their future. All this needs to stop. And we pledge that Jordan will do its utmost to help achieve it.

The security and the future of Jordan is hand-in-hand with the future of the Palestinians and the Israelis.

We have a close unshakable bond between the United States and Israel and between the American and Israeli people. We share common values and a commitment to a democratic future for the world and we are both committed to a two-state solution. But that doesn't mean that we're going to agree.