President Obama at a press conference in Washington, D.C., yesterday.(Brendan Hoffman/Getty Images)

• President Obama appeared to echo Gen. Petraeus’s view that the Mideast conflict “ends up costing us significantly in terms of both blood and treasure.” [NYT]

• Backed by U.S. officials, President Shimon Peres accused Syria of giving Scud missiles to Hezbollah (Syria denies it). These weapons could easily reach Tel Aviv and Jerusalem from Lebanon. [WSJ]

• Remember how U.S. officials said yesterday that China had come around on economic sanctions against Iran? Chinese officials say that’s not so much true. [LAT]

• More than three-fourths of both the U.S. House and Senate signed bipartisan letters arguing for strong U.S.-Israeli ties. AIPAC applauded the signers. [JPost]

• Israel issued an unprecedented travel warning urging citizens to leave Egypt’s Sinai Peninsula immediately due to specific plans for a kidnapping. [WP]

• They’re fighting over the names of streets. [NYT]

Note regarding the first item: The relevant section is buried in an unrelated News Analysis, but it struck me—as well as Laura Rozen—as very important.