UNITED NATIONS, May 12. /TASS/. The UN Security Council will hold an emergency meeting on Wednesday to discuss the escalation of tensions between Israelis and Palestinians, a Security Council source has told TASS.

"The consultations have been scheduled for 09:00 Wednesday (16:00 Moscow time)," the source said.

The UN Security Council failed to forge a unified document during Monday’s consultations on the issue. According to TASS sources, Wednesday’s session is also unlikely to produce a joint resolution or statement.

An exchange of missile strikes between Israel and Palestinian radicals from the Gaza Strip followed an outburst of unrest near the Al-Aqsa mosque in Jerusalem’s Old City in early May. More than 700 people have been hurt in riots in recent days. Clashes between the Palestinians and the Israeli police were triggered by an Israeli court ruling to seize dwelling houses in the Sheikh Jarrah neighborhood from Arab families who have been living there for more than 50 years in favor of Jewish resettlers who had reportedly owned these buildings before 1948. The houses allocated by Jordan as the custodian of Muslim holy sites in Jerusalem are located some 500 meters from Al-Aqsa.