• Israel would accept a Palestinian state but only if it was demilitarised, with no army or military agreements with other states, and only if the Palestinians met the "fundamental condition" of recognising Israel as a Jewish state. It was the first time Netanyahu has spoken of a Palestinian state, although he used the phrase only once in the 30-minute speech.

• Palestinian refugees who fled or were forced out of homes during the 1948 war could not be allowed to return to what is today Israel.

• Jerusalem should remain united and under Israeli control.

• Netanyahu said he would meet any Arab leader anywhere to talk peace and called on the Palestinians to restart peace talks immediately without conditions.

• Israel would not expand its settlements but would continue to allow "normal life" inside settlements in east Jerusalem and the West Bank. "The settlers are not the enemies of the people or of peace. They are our brothers and sisters." The Jewish people's link to the land of Israel stretched back 2,000 years.

• Israeli withdrawal from occupied territory had not brought peace, he said, particularly in Gaza.

• The cause of the Middle East conflict was not Israel's occupation. "The truth is that the root of this conflict has been, and still is, the refusal to accept the right of the Jewish people to have their own state."