He cited the Palestinian leadership's refusal to recognize Israel as a Jewish state and its pact with the militant Islamist Hamas movement, as well as the rise of Islamic terrorism across the region.
''I haven't changed my policy,'' Mr. Netanyahu said in an interview with MSNBC, his first since his resounding victory on Tuesday, which handed him a fourth term. ''What has changed is the reality.''
''I want a sustainable, peaceful two-state solution, but for that, circumstances have to change,'' he said. ''I was talking about what is achievable and what is not achievable. To make it achievable, then you have to have real negotiations with people who are committed to peace.''