Clashes erupted as tens of thousands of Gazans protested near the border on Friday, with Israeli forces using tear gas and live fire to force back smaller numbers of demonstrators who approached within a few hundred yards (meters) of the heavily fortified border fence.
In addition to the 16 Palestinians killed, more than 1,400 were wounded, 758 of them by live fire, with the remainder hurt by rubber bullets and tear gas inhalation, according to the Gazan health ministry.
Kuwait, which represents Arab countries on the council, presented the proposed statement, which called for an "independent and transparent investigation" of the violence.
The draft council statement also expressed "grave concern at the situation at the border."
And it reaffirmed "the right to peaceful protest" and expressed the council's "sorrow at the loss of innocent Palestinian lives."
The draft statement was circulated to the council on Friday, but on Saturday the United States raised objections and said it did not support its adoption, a Security Council diplomat told AFP.
The proposed statement also called "for respect for international human rights law and international humanitarian law, including protection of civilians," according to the draft seen by AFP.
Council members "called upon all sides to exercise restraint and prevent a further escalation," the draft said.
The proposed statement stressed the need to promote peace between Israel and the Palestinians based on a two-state solution.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.