Former US Secretary of State Hillary Clinton said both Israel and the Palestinians need new leadership in order to have a chance of achieving a peace deal, particularly a two-state solution.

“You have to create the environment in which there is a chance to revitalize the peace process,” Clinton said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at the Bloomberg New Economy Forum in Singapore on Thursday. “I think there needs to be new leadership of the Israelis and the Palestinians in order to have any chance at some kind of peace deal, especially a two-state solution.”

Israel’s government has vowed to destroy Hamas, which the US and European Union designate a terrorist organization and which a month ago swarmed southern Israel and killed more than 1,400 people while taking around 240 hostages. Israel’s strategy has involved a bombing campaign that the Hamas-run Health Ministry says has killed over 10,000 Palestinians.

The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.