The Trump admin on Wednesday is expected to announce the establishment of a peace council for Gaza and the establishment of a Palestinian government of technocrats that will run the Gaza Strip, Axios reports.

The expectation of a peace council and the formation of a technocratic Palestinian government signals a potential shift towards stabilizing the Gaza region.

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The Trump admin on Wednesday is expected to announce the establishment of a peace council for Gaza and the establishment of a Palestinian government of technocrats that will run the Gaza Strip, Axios reports.

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  • "The Trump administration will also officially announce the appointment of former UN envoy Nickolay Mladenov as the representative of the Peace Council in the Gaza Strip and who will accompany the activities of the Palestinian technocrat government".
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This development may influence market sentiment, especially in equities and commodities, as investors gauge its impact on geopolitical tensions and regional stability, particularly with regard to oil prices and currencies like the USD and JPY.

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