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The Medal of Distinction is Israel's highest medal of honor.
"Peres prefaced his address prior to conferring the medal on Obama, with the word "Bravo!" signifying his approval of the way in which Obama had spoken to Israel's young peopleearlier in the day.
The award, he said, "speaks to your tireless work to make Israel strong and to make peace possible. Your presidency has given the closest ties between Israel and the United States a new height, a sense of intimacy, a vision for the future."
Diplomatic and military bonds between the two countries have reached an unprecedented level, said Peres."