According to exclusive reports from the Wall Street Journal, U.S. officials have revealed that a ceasefire deal between Israel and Palestinian Islamist group Hamas is not expected before the end of President Joe Biden's term in January.
The top-level officials in the White House, State Department, and Pentagon, who were cited in the report, did not provide further details. U.S. Secretary of State Antony Blinken had previously mentioned that 90% of a ceasefire deal had been agreed upon, while Vice President Kamala Harris stated that efforts were being made "around the clock" to reach an agreement.
Despite months of attempts by the United States and mediators Qatar and Egypt, negotiations have stalled over key issues, including Israel's demand to maintain a buffer zone between Gaza and Egypt and the details of a hostage-prisoner exchange.
President Biden had proposed a three-phase ceasefire plan on May 31, which Israel initially agreed to but has since faced obstacles. Critics have called for conditioning military support to Israel, while human rights groups have urged the U.S. to leverage its influence in the region.
Analysis:
This news highlights the ongoing tensions in the Middle East and the challenges faced in reaching a peaceful resolution between Israel and Hamas. The failure to secure a ceasefire deal could have implications for regional stability and international relations.
Investors should monitor the situation closely as any escalation of conflict could impact global markets, particularly in the energy sector. It is important to stay informed and consider the potential risks to investments in the region.
Overall, the uncertainty surrounding the ceasefire negotiations underscores the complexities of the Israeli-Palestinian conflict and the need for diplomatic efforts to achieve a lasting peace agreement.