The Palestinian territories comprise the West Bank and the Gaza Strip, politically under the jurisdiction of the Palestinian National Authority and the Hamas Government in Gaza. Since the Palestinian Declaration of Independence in 1988, the region is today recognized by three-quarters of the world's countries to be part of the State of Palestine, although this status is not recognized by the United Nations, Israel and major Western nations, including the United States. Effectively parts of the West Bank are currently governed by the Palestinian National Authority, while other parts are governed by Israeli military authorities, which the UN and international legal bodies often refer to as the Occupied Palestinian Territory. The Gaza Strip is being controlled by Hamas-led Palestinian Government.

The territories were part of the territory west of the Jordan River of Mandate Palestine, formed in 1922. In March 1946, the territory east of the Jordan River, which had been ruled as a separate province of Mandate Palestine, became the independent kingdom of Transjordan, though general international recognition took a bit longer. From the 1948 Arab–Israeli War until the 1967 Six Day War, the West Bank was occupied and annexed by Jordan (annexation recognized only by UK and Pakistan) and the Gaza Strip occupied by Egypt, though limited authority was exercised in Gaza by the All-Palestine Government until 1959. The borders of Palestinian territories are currently considered to be delineated by the 1949 Armistice Agreements.

The Israeli–Palestinian conflict is the ongoing struggle between Israelis and Palestinians that began in the early 20th century. The conflict is wide-ranging, and the term is also used in reference to the earlier phases of the same conflict, between the Zionist yishuv and the Arab population living in Palestine under Ottoman and then British rule. It forms part of the wider Arab–Israeli conflict. The remaining key issues are: mutual recognition, borders, security, water rights, control of Jerusalem, Israeli settlements,Palestinian freedom of movement and legalities concerning refugees. The violence resulting from the conflict has prompted international actions, as well as other security and human rights concerns, both within and between both sides, and internationally. In addition, the violence has curbed expansion of tourism in the region, which is full of historic and religious sites that are of interest to many people around the world.

Many attempts have been made to broker a two-state solution, involving the creation of an independent Palestinian state alongside an independent Jewish state or next to the State of Israel (after Israel's establishment in 1948). As recently as 2007, a majority of both Israelis and Palestinians, according to a number of polls, prefer the two-state solution over any other solution as a means of resolving the conflict. Moreover, a considerable majority of the Jewish public sees the Palestinians' demand for an independent state as just, and thinks Israel can agree to the establishment of such a state. A majority of Palestinians and Israelis view the West Bank and Gaza Strip as an acceptable location of the hypothetical Palestinian state in a two-state solution. However, there are significant areas of disagreement over the shape of any final agreement and also regarding the level of credibility each side sees in the other in upholding basic commitments.

Palestine (Arabic: فلسطين‎ Filasṭīn, Falasṭīn, Filisṭīn; Greek: Παλαιστίνη, Palaistinē; Latin: Palaestina; Hebrew: פלשתינה Palestina) is a conventional name, among others, used to describe the geographic region between the Mediterranean Sea and the Jordan River, and various adjoining lands. The region is also known as the Land of Israel (Hebrew: ארץ־ישראל Eretz-Yisra'el), the Holy Land and the Southern Levant, and historically has been known by other names including Canaan, Zion, Syria Palaestina, Southern Syria, Jund Filastin and Outremer.

The boundaries of the region have changed throughout history, and were first defined in modern times by the Franco-British boundary agreement (1920) and the Transjordan memorandum of 16 September 1922, during the mandate period. Today, the region comprises the country of Israel and the Palestinian territories.

Palestine is also used to refer to the State of Palestine which, since the Palestinian Declaration of Independence in 1988, has referred to a state in the Palestinian territories on 22% of "historical Palestine". The State of Palestine is recognized today by approximately two-thirds of the world's countries, although this status is not recognized by the United Nations, Israel and major Western nations such as the United States.