As U.K., 11 other nations say they'll sanction Israeli settlements, U.S. envoy warns of repercussions

TL;DR

The U.K. and 11 other nations will introduce restrictions on trade with Israeli settlements in the occupied West Bank.
These countries stated their actions are to preserve the possibility of a Palestinian state alongside Israel, which they believe is threatened by settler violence and expansion.
U.K. sanctions will target companies and individuals involved in settlement expansion and settlers accused of violence.
Israel announced countermeasures, including closing the British consulate in Jerusalem and barring 12 British officials.
The U.S. ambassador warned of potential repercussions for the U.K., including actions from U.S. states.
Israeli President Herzog called the sanctions a 'grave miscalculation' and 'gross interference' that could harm Palestinian laborers.

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