Israeli and Palestinian leaders are trading threats over the future of the 1993 Oslo Accords to press their respective positions. Speaking to an assembly of Palestinian diplomats in Istanbul on Sunday, chief negotiator Sa’ib ‘Ariqat warned that, “If the United States wants the Palestinian Authority to continue to exist, then the price is the establishment of a Palestinian state in keeping with the 1967 borders, with East Jerusalem as its capital.” ‘Ariqat threatened that “if the United States vetoes accepting Palestine to the United Nations in the Security Council, uses its financial aid to the PA as political blackmail and leaves Israel as the source of authority…the PA must cease to exist.” Meanwhile, it was reported in Israeli media that the Netanyahu government is weighing the voiding of the Oslo Accords as a possible response to a unilateral Palestinian declaration of statehood in September. The offsetting Oslo references are symptomatic of the rapidly intensifying diplomatic campaigns launched by both the Israelis and Palestinians in advance of the September U.N. session. Still unclear is the mechanism available to the Palestinians in the event the U.S. vetoes a Security Council resolution on statehood and U.N. membership as the Obama administration has committed to doing.