Efforts to reach a Gaza truce and hostage release deal between Israel and Hamas have seen recent progress, with optimism rising due to US President-elect Donald Trump’s push for a deal before January 20. Negotiations facilitated by Qatar, Egypt, and the US have reached advanced stages, with the proposed agreement involving a phased release of hostages and a ceasefire, alongside Israeli military withdrawals and reconstruction efforts. However, key sticking points remain, including the governance of post-war Gaza and the establishment of a lasting ceasefire, challenging the path towards a comprehensive agreement.
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Bessent warns China on Russian oil purchases that could bring 100% tariffs
U.S. Treasury Secretary Scott Bessent warned Chinese officials that continued purchases of sanctioned Russian oil could lead to significant tariffs due to new Congressional legislation, but China insisted on protecting its energy sovereignty. He also expressed U.S. concerns about China's Iranian oil purchases and dual-use technology sales to Russia, noting these actions could hurt China's trade relations with Europe. Want More Context? 🔎
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