Yesterday, President Obama met with Israeli Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas and asked them to seize "this moment of opportunity" and embark on peace talks. He said afterwards, "The hard work is only beginning. Neither success nor failure is inevitable. But this much we know: If we do not make the attempt, then failure is guaranteed." Netanyahu called Abbas his "partner in peace" while Abbas noted he'd work in spite "the difficulties we’re going to face tomorrow." Obama also said, "We are under no illusions. Passions run deep. Each side has legitimate and enduring interests. Years of mistrust will not disappear overnight."

According to the NY TImes, "The talks are to be held at the State Department, where they will take place under the eye of Secretary of State Hillary Rodham Clinton. The negotiations follow a remarkable tableau at the White House on Wednesday night, where President Obama...vowed to do everything within his power in the next year to achieve the comprehensive agreement that has eluded negotiators since Israel was established."

Israel is concerned about its security—Netanyahu said, "We left Lebanon, we got terror. We left Gaza, we got terror. We want to ensure that territory we concede will not be turned into a third Iranian-sponsored terror enclave aimed at the heart of Israel."— while Palestine is worried about the soon-to-expire Israeli moratorium on West Bank construction.