Top Arab diplomats on Sunday decided to lift the financial blockade on Palestinians in response to a US veto on a UN Security Council draft resolution condemning Israel's military offensive in the Gaza Strip. "We decided not to cooperate with it (the blockade). There will no longer be an international siege," said Bahrain's Foreign Minister Sheik Khalid bin Ahmed Al Khalifa. On Saturday, the US vetoed the Security Council draft resolution that condemned the Israeli military offensive and demands that Israeli troops pull out of the territory. Sunday's discussions on the offensive were attended by 11 Arab foreign ministers and other senior officials and diplomats at the Cairo headquarters of the Arab League.