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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
U.S. President Donald Trump said on Sunday that member states of the newly formed Board of Peace will announce pledges exceeding $5 billion for Gaza’s reconstruction during the first official gathering in Washington this week on Thursday.
In a post on his Truth Social platform, Trump said the announcement will be made on 19 February at the Donald J. Trump Institute of Peace in Washington, D.C.
“Member states have pledged more than $5 billion dollars toward the Gaza humanitarian and reconstruction efforts,” he wrote.
He added that member states have also “committed thousands of personnel to the International Stabilization Force and local police to maintain security and peace for Gazans.”
Trump described the Board of Peace as having “unlimited potential,” recalling that last month “two dozen distinguished founding members” joined him in Davos, Switzerland, to mark its formation and outline what he called a “bold vision” for Gaza’s civilian population.
“The Board of Peace will prove to be the most consequential international body in history, and it is my honour to serve as its chairman,” he wrote.
Trump’s comments came amid reports that Indonesia is considering deploying up to 8,000 troops to Gaza as part of an international security arrangement.
Last month, the White House announced the formation of a “technocratic” National Committee for the Administration of Gaza, tasked with overseeing a transitional phase under what it described as Trump’s 20-point plan for the Strip.
A ceasefire agreement ended Israel’s two-year war in Gaza, which according to Palestinian health authorities killed more than 72,000 Palestinians and destroyed approximately 90% of civilian infrastructure.
The United Nations has estimated reconstruction costs at around $70 billion.
Gaza’s Health Ministry has also reported that at least 601 Palestinians have been killed and more than 1,600 injured in Israeli attacks since the ceasefire took effect last October.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Saudi Arabia and France have reaffirmed their support for Palestinian statehood and called for Israel to withdraw from all Lebanese territory, as the two countries sought closer coordination on some of the Middle East’s most pressing conflicts.
Armenia's efforts to move closer to the European Union have gained political momentum in Yerevan, but the country's potential membership bid is not currently part of the EU's immediate enlargement agenda, according to a senior European Council official.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Syrian and Israeli officials held U.S.-brokered talks in Jordan on Sunday to ease tensions after an Israeli strike on a Syrian airbase near Türkiye last week.
Kazakhstan has elected its first unicameral Kurultai, bringing into force a sweeping political overhaul launched less than a year ago. The vote marks a major step in implementing the country’s new Constitution.
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