What happened
US President Donald Trump has announced that the Board of Peace has reached an agreement for the complete disarmament of Hamas and other armed groups in Gaza, calling it a critical step toward a new Palestinian government. The claim, posted on Truth Social, outlines a phased plan that includes Israeli withdrawal as disarmament progresses and the deployment of an International Stabilization Force alongside a new Palestinian police force.
Why it matters for the market
However, neither Israel nor Hamas have commented on the announcement, leaving the status of the agreement unclear. It remains unknown whether either party was involved in the negotiations. The second phase of a US-brokered Gaza ceasefire plan includes disarmament, but previous efforts have faced resistance—Hamas rejected a disarmament proposal in April.
The Board of Peace, originally aimed at ending the war and overseeing reconstruction, has faced scrutiny. Its proposed charter reportedly omits mention of Gaza and appears designed to supplant UN functions. The broader context includes the Oct 7, 2023 Hamas attack that killed 1,200 people and the subsequent Israeli military campaign that has killed over 73,000 Palestinians, according to Gaza's health ministry.
What traders should watch
Market impact remains muted as traders await confirmation from key parties. The lack of official responses from Israel and Hamas introduces uncertainty, with potential for volatility in safe-haven assets if the situation escalates. For now, the market is likely to treat the announcement as speculative until verified.
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