Jerusalem ? Under pressure from the Obama administration, Israeli Prime Minister Benjamin Netanyahu began nudging his Cabinet on Sunday toward accepting a multibillion-dollar package of U.S. incentives to restart peace talks with Palestinians.

But Netanyahu immediately faced strong opposition from conservative politicians and Jewish settler groups, who vowed to block the American proposal because it would reimpose building restrictions in the West Bank for three months.

U.S. officials hope to use the three-month window to focus talks on setting final borders for a proposed Palestinian state. Once both sides agree to borders, Israel could resume building in areas that will become part of Israel and halt construction in areas that will become part of the new Palestinian state.

After a confrontational Cabinet meeting, Moshe Yaalon, Israel’s vice prime minister, rejected the U.S. offer as a “honey trap” that “will lead us down a slippery slope and into another crisis with the American administration after three months, or perhaps even sooner.”

Netanyahu told ministers that the terms of the U.S. offer were still being negotiated and he pledged to bring it for a vote before the smaller security Cabinet when the details are finalized.

The package, discussed last week between Netanyahu and Secretary of State Hillary Rodham Clinton in New York, includes 20 stealth fighter jets worth $3 billion and a promise to veto anti-Israel proposals raised in the U.N. Security Council during the next year, including a potential Palestinian bid to seek international support for a unilateral declaration of statehood.