President Shimon Peres said Tuesday that despite the appearance of tensions between Prime Minister Binyamin Netanyahu and United States President Barack Obama, relations between the two countries are excellent and that there is good dialogue between America and Israel on security issues, Army Radio reported.

Peres said that Netanyahu's upcoming speech in front of the U.S. Congress will be the "speech of his life" and will bring great international attention. The president said that Netanyahu's speech will outline a planned retreat from Judea and Samaria regions in order to allow for a new Arab state in Israel's heartland run by the Western-backed Palestinian Authority.

Peres made the comments from a visit at a military drill in a southern military base.