Obama: U.S. will continue relationship with Egypt if it seeks peace

U.S. President Barack Obama made a statement on Thursday on the situation in Egypt, confirming that although the U.S. seeks to maintain its relationship with Egypt, it will only do so if Egypt moves towards peace.

The President began his speech by explaining the longstanding relationship between the U.S. and Egypt. Obama also explained how the current conflict developed; a desire for democracy from the people of Egypt and a resistance from the government turned into a bloodbath, killing hundreds and injuring thousands. Obama made it clear that the U.S. does not support this violence.

"The United States strongly condemns the steps that have been taken by Egypt's interim government and security forces," Obama said. "We deplore violence against civilians. We support universal rights essential to human dignity, including the right to peaceful protest. We oppose the pursuit of martial law, which denies those rights to citizens under the principle that security trumps individual freedom, or that might makes right. And today the United States extends its condolences to the families of those who were killed and those who were wounded."

Obama said that while the U.S. seeks to maintain its relationship with Egypt, its role in Egypt will change if the nation does not seek peace.

"While we want to sustain our relationship with Egypt, our traditional cooperation cannot continue as usual when civilians are being killed in the streets and rights are being rolled back," Obama said.

Obama announced the biannual joint military exercise with Egypt and the U.S. has been cancelled. Future collaborations will be assessed also. Obama said the U.S. will support Egypt towards a peaceful future, but that is one the Egyptian people will have to build.

"We want Egypt to succeed," Obama said. "We want a peaceful, democratic, prosperous Egypt. That's our interest. But to achieve that, the Egyptians are going to have to do the work. So America will work with all those in Egypt and around the world who support a future of stability that rests on a foundation of justice and peace and dignity."