The breakdown in relations between Israel and Turkey is a problem for the US since both countries are valued friends. Israeli paranoia would not allow an international commission of inquiry, so Obama is trying to convince Turkey that it may suffer a setback if it insists on such an inquiry (which the Security Council already recommended). Perhaps Obama has a point, but this is not clear. According to many, the "siege" of Gaza amounted to a possible crime against humanity. If the naval blockade was an enforcement of an illegal act, then the blockade itself was illegal. Obama tries hard to smooth out the relationship, but I don't think his intervention will do much good. For the two sides to reconcile, the truth must be found by an independent international commission.
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Police fire tear gas, detain 200, in Istanbul May Day scuffles (Reuters)
from the article: 'Obama warns Erdogan international Gaza flotilla probe bad for Turkey'