The country's move on Tuesday set the scene for a possible showdown between Washington and Russia on the issue.
The United States opposed the statement &dnash; which had to be approved by consensus &dnash; because it "failed to address the root cause", missile attacks by Hamas &dnash; of the escalation in fighting between Israel and Hamas militants in Gaza, said Erin Pelton, spokesperson for the US mission to the United Nations.
Israel said it was these Hamas rocket attacks that prompted its major offensive against the militants in Gaza on Wednesday.
"We made clear that we would measure any action by the Security Council based on whether it supported the ongoing diplomacy toward de-escalation of violence and a durable outcome that ends the rocket attacks on Israeli cities," Pelton said.
"By failing to call for the immediate and permanent halt to rocket launches from Gaza into Israel, this press statement failed to contribute constructively to those goals," she said. "As such, we could not agree to this statement."
Russia said on Monday that if the 15-member council could not agree on a statement then it would put a resolution &dnash; a stronger move by the council than a statement &dnash; to a vote later on Tuesday to call for an end to the violence and show support for regional and international efforts to broker peace.
Russia's UN ambassador Vitaly Churkin said later on Tuesday his resolution had been put on hold amid negotiations on a truce between Israel and Hamas militants but if a ceasefire was not reached he might still put it to a vote.
"I think we should have said something [on the conflict] a long time ago," Churkin said. "We will assess the situation [on Wednesday morning]." The UN Security Council was scheduled to meet to discuss the conflict on Wednesday afternoon.
A resolution is passed when it receives nine votes in favor and no vetoes by the five permanent council members &dnash; Russia, China, Britain, the United States and France.
The Security Council is generally deadlocked on the Israel-Palestine conflict, which UN diplomats say is due to US determination to protect its close ally Israel. The council held an emergency meeting last Wednesday to discuss the Israeli strikes on Gaza but took no action.
US Secretary of State Hillary Clinton headed to the region on Tuesday to try to calm the conflict. Egypt was trying to broker a truce between Israel and Hamas. Israel's air strikes and Palestine's rocket fire continued on Tuesday for a seventh day. – Reuters