Middle East Special: Live Analysis of Obama Speech as It is Delivered
1906 GMT: Israeli Prime Minister Benjamin Netanyahu wastes no time in responding to Obama's speech.
"Palestinian state cannot come at the expense of the viability of the one and only Jewish state."
See also Middle East Video and Transcript: The Obama Speech
Netanyahu then goes on to condemn the plan for Israel to withdraw to borders established in 1967, borders which "are both indefensible and which would leave major Israeli population centers in Judea and Samaria beyond those lines."
"Without a solution to the Palestinian refugee problem outside the borders of Israel, no territorial concession will bring peace."