Obama urges Israel end occupation and Palestinians accept Israel

Obama's efforts to bring about an Israeli-Palestinian peace agreement have failed over the nearly eight years he has been in the White House, with the latest push by U.S. Secretary of State John Kerry collapsing in 2014.

U.S. officials have held out the possibility Obama could lay out the rough outlines of a deal - "parameters" in diplomatic parlance - after the Nov. 8 presidential election and before he leaves office in January, but many analysts doubt this would have much effect.

"Surely Israelis and Palestinians will be better off if Palestinians reject incitement and recognize the legitimacy of Israel ...(and if) Israel recognizes that it cannot permanently occupy and settle Palestinian land," Obama said.