Headlines for the 20-point peace plan for the war in Gaza flooded market feeds earlier today, after President Trump met with Binyamin Netanyahu, the PM of Israel, and discussed the future of Palestine, after almost two years of extensive bloodshed.
The first stage of the plan entails, the release of all, 48, Israeli hostages that have been held by Hamas since the start of the war and in exchange Israeli forces will release 1950 Palestinian prisoners.
Next up is the disarmament of Hamas fighters and Israeli troops will proceed to evacuate the war-torn strip, ceding control to the so called “International Stabilization Force” which will be deployed there. Furthermore, President Trump will lead the “Board of Peace” alongside former UK PM, Tony Blair and the board will be responsible for overseeing reconstruction plans, for the sole benefit of Gazans.
Hamas has declared interest in bringing an end to the war according to reports, yet commitment at laying down arms and ceding power to appointed peacekeeping forces will be something to watch out for.
The group sees its weapons as an integral part of its identity as a “resistance” movement and is unlikely to relinquish all its stockpiles voluntarily, especially while Israel still has a presence in Gaza, noted geopolitical commentators.
Should the peace proposal get rejected therefore, from any of Hamas’ scarce representative delegation, President Trump noted that “Israel would have my full backing to finish the job of destroying the threat of Hamas.”
Technical Analysis
WTI Chart – Crude oil returns to $63 per barrel as government shutdown fears flood the market
Resistance: 65.60 (R1), 68.70 (R2), 72.50 (R3)
Support: 61.50 (S1), 58.00 (S2), 55.15 (S3)