Trump: It is time to officially recognize Jerusalem as capital of Israel

Trump announcement

Trump said this decision is in the best interest of peace.

"My announcement today marks the beginning of a new approach to conflict between Israel and the Palestinians," he said.

The expectation was that he would defer the official designation for six months. The move could spark tensions in the Middle East.

Update: Trump signed the waiver that delayed the US embassy's move to Jerusalem for six months.