Update: Obama's speech, video and transcript.
Obama explains his statement:
US President Barack Obama has sought to cool tensions with Israel over comments that the border of a future Palestinian state should follow pre-1967 lines.Speaking to the US pro-Israel lobby Aipac, Mr Obama said the shape of the border should be subject to discussions between Israel and the Palestinians.He reiterated his view it must be based on the boundary which existed before the 1967 war but involve land swaps.
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