Phase II ceasefire odds tick up amid renewed mediation efforts in Cairo

· flowframe Pulse

The market rose as Egyptian officials and UN Special Coordinator Nickolay Mladenov held intensive meetings in Cairo to break the deadlock on the Gaza peace plan's second phase. Despite recent rhetoric from Hamas spokesperson Abu Ubaida rejecting disarmament, traders are reacting to increased diplomatic pressure from the Trump administration to operationalize the proposed 'Board of Peace' governing body.

41¢ → 45¢ • Vol: $0.4M