Trump holds first meeting of new Board of Peace, announces billions in pledges for Gaza

Trump convened the inaugural meeting of a new international group called the Board of Peace in Washington. At the meeting, Trump announced that participating countries had pledged billions of dollars for reconstruction in Gaza and had committed thousands of troops for a stabilization force.

Some U.S. allies, including the Vatican, Poland, and Italy, declined to participate in the Board of Peace. The Vatican called for United Nations leadership instead. The plan for Gaza reconstruction is reportedly linked to a push for Hamas to disarm, a condition Israeli leader Netanyahu said Israel and the U.S. agree on.

Trump said the Board of Peace would oversee the United Nations to ensure it 'runs properly.' The group is also reportedly exploring the use of a U.S.-pegged digital currency, or stablecoin, for Gaza, which has raised sovereignty concerns.