The United Nations has estimated that reconstruction will cost more than $50 billion
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Moneycontrol15-01-2026, 01:12

Gaza Ceasefire Enters Second Phase: US Announces Disarming Hamas, New Administration

  • The US announced the second phase of the Gaza ceasefire plan, focusing on disarming Hamas, rebuilding the territory, and establishing a Palestinian expert administration.
  • President Trump's envoy Steve Witkoff confirmed the deal, brokered by Trump, is moving forward after two years of conflict between Israel and Hamas.
  • A new technocratic government in Gaza, led by Ali Shaath, will administer daily affairs under American supervision, as welcomed by mediators Egypt, Turkey, and Qatar.
  • Key challenges include deploying an international security force, disarming Hamas, and securing funding for the estimated $50 billion reconstruction.
  • The US expects Hamas to return the final Israeli hostage, Ran Gvili, warning of serious consequences for non-compliance; Israel prioritizes his return.

Why It Matters: The Gaza ceasefire plan progresses to its second phase, aiming for Hamas disarmament and a new Palestinian administration.

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