The president has also signaled a shift away from the Obama administration's insistence that a two-state solution should serve as the only template for an Israeli-Palestinian peace agreement.
He added: "My thought are with the people of Manchester after this bad terrorist attack".
The visit of US President Donald Trump to Bethlehem and his meeting with President Mahmoud Abbas were the highlight of the Wednesday issue of the three Palestinian Arabic dailies. Nor did he mention the Palestinian state that the United States and Israel officially support establishing there, but which Netanyahu has ceased referring to. "We have before us a rare opportunity to bring security and stability and peace to this region and its people, defeating terrorism and creating a future of harmony, prosperity and peace", Trump said at Ben-Gurion International Airport outside Tel Aviv.
Trump has repeatedly underscored US support for Israel during his first worldwide trip as president. And he understands that peace can only come when the Palestinian leadership stops fomenting violence.
"The regional approach has been confirmed in the latest Arab summit and it was confirmed in Riyadh". "We respect Israel." Speaking, he said, for the American people and addressing the alliance between the nations, he added: "We are with you, thank you and god bless you, thank you". This is the last day of the U.S. president's visit to the Middle East.
The US president said he was assured that both Mr Abbas and Israeli prime minister Benjamin Netanyahu would work towards the goal of peace "in good faith", later reiterating that Palestinians were ready to "reach for peace".
It would be a crude overstatement to say that the message has gone from America worst to America first in one presidency.
Other parts of the speech were a forceful defence of Israel and pledges by Mr Trump to defend the country against common enemies, including Iran. "If it does, I would say to you that it goes further in my mind as a member of the intelligence committee than just the focus on the Russian Federation investigation". Abbas said he welcomed Trump's "noble and possible mission". "Everyone says they want peace".
"It was a bad, awful thing for the United States to enter that deal and, believe me, Iran will never have a nuclear weapon, that I can tell you", Trump said to Netanyahu.
Netanyahu and Abbas were not scheduled to meet during Trump's visit. Israel defeated the Arab armies then, and again in the Six-Day War of 1967, at which time they annexed East Jerusalem.
Trump called Jerusalem a "sacred city", but did not follow through on his campaign pledge to recognize Jerusalem as Israel's capital and move the USA embassy to the city, which Trump called "the eternal capital of the Jewish people" during the campaign.
He has notably toned down some of the pro-Israeli rhetoric from his presidential campaign since entering office in January, asking the Israeli government to "hold back" on settlement building and equivocating over his promise to move the United States embassy from Tel Aviv to Jerusalem.