From Newsweek:

In public, President Bush has been careful to reassure Israel and other allies that he still sees Iran as a threat, while not disavowing his administration's recent National Intelligence Estimate. That NIE, made public Dec. 3, embarrassed the administration by concluding that Tehran had halted its weapons program in 2003, which seemed to undermine years of bellicose rhetoric from Bush and other senior officials about Iran's nuclear ambitions. But in private conversations with Israeli Prime Minister Ehud Olmert last week, the president all but disowned the document, said a senior administration official who accompanied Bush on his six-nation trip to the Mideast. "He told the Israelis that he can't control what the intelligence community says, but that [the NIE's] conclusions don't reflect his own views" about Iran's nuclear-weapons program, said the official, who would discuss intelligence matters only on the condition of anonymity.