The decision by the United States to veto a United Nations Security Council resolution condemning Israeli settlement construction, was met with a sigh of relief by Israel but with anger among Palestinians.
The U.S. veto blocked a unanimous vote on the resolution by the 15-member Security Council.
Israeli and Palestinian analysts that spoke to Xinhua said that they were not surprised by the U.S. decision, but differed on what the consequences will be for an American role in future negotiations.
American-Israeli bond
"Israel deeply appreciates the decision by President Obama to veto the Security Council Resolution today," Israeli Prime Minister Benjamin Netanyahu said in a statement released after the vote, and said that, "Israel remains committed to pursuing comprehensive peace with all our neighbors, including the Palestinians."
"We seek a solution that will reconcile the Palestinians' legitimate aspirations for statehood with Israel's need for security and recognition," added Netanyahu.