In this Dec 22, 2018 file photo, Palestinian President Mahmoud Abbas gestures as he speaks during a meeting of the Palestinian leadership in the West Bank city of Ramallah. (MAJDI MOHAMMED / AP)

RAMALLAH - Palestinian President Mahmoud Abbas announced Wednesday that the Palestinians will reconsider the deals and understandings reached with both Israel and the United States.

He warned that the Palestinians won't consider or abide by all these agreements and understandings "if the Israeli government declares the annexation of any part of our lands."

"We extended our hands to a just and comprehensive peace based on the resolutions of the international legitimacy. We still have a hope to achieve this but this won't last for too long," said Abbas.

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Abbas referred to the "ongoing violations that the Israeli government is practicing, besides continuing the crimes of settlement, which is a war crime under international law."

He accused Israel of turning its back on the signed agreements that had been reached with the Palestinian side.

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Abbas also noted that "Israel, which is encouraged by the United States, is planning to annex lands in Palestine, mainly in East Jerusalem and the Jordan Valley.

"This fact will compel us to reconsider all the agreements, treaties and understandings which had been either reached with the state of occupation or with the United States," said Abbas.

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He warned that the Palestinians won't consider or abide by all these agreements and understandings "if the Israeli government declares the annexation of any part of our lands." 

Palestinian Prime Minister Mohammad Ishtaye also warned on Wednesday of “a difficult stage” the region will go through, if the Israeli government implements its plan of annexing Palestinian lands.

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Ishtaye said the Palestinian leadership will hold an important meeting on Saturday "to study facing Israel's decision of annexing parts of the West Bank territories and imposing its sovereignty on it."

He said Abbas called for an international conference based on international law and international legitimacy.