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Palestinian president Mahmud Abbas warned on Tuesday that his administration would "no longer deal" with Israel if a United Nations Security Council resolution calling for a final peace deal fails. The Palestinian draft resolution sets a 12-month deadline for wrapping up negotiations on a final peace settlement and the end of 2017 as the timeframe for completing an Israeli withdrawal from Palestinian territories. A final peace deal would pave the way to the creation of a Palestinian state with Jerusalem as a shared capital, according to the text. Speculation has been mounting since the death in December of a Palestinian official who was struck by an Israeli soldier that the Palestinian Authority could suspend security coordination with Israel in the West Bank if the resolution fails to pass.Read more...