With rockets still being launched into Isreal, President Obama calls for peace in the Middle East...

President Barack Obama urged Israelis and Palestinians on Thursday to get back to peace talks but offered no new ideas on how they might do so, essentially abandoning his previous support of the Palestinian demand for Israel to halt settlement activity before negotiations resume.

In remarks likely to disappoint, if not infuriate, the Palestinians, Obama said the United States continues to oppose the construction of Jewish housing on land claimed by the Palestinians but stressed that issues of disagreement between the two sides should not be used as an "excuse" to do nothing.

"If the expectation is that we can only have direct negotiations when everything is settled ahead of time, then there is no point for negotiations, so I think it is important to work through this process even if there are irritants on both sides," Obama told reporters at a joint news conference with Palestinian President Mahmoud Abbas in Ramallah.

Can President Obama broker peace in the Middle East? Read more at Yahoo! News