Pres. Biden has proposed a 3-phase plan for peace in the Middle East:
- Phase 1 complete cease-fire and withdrawal of Israeli forces from populated areas of Gaza. Palestinians would return to their homes. During phase 1, Israel and Hamas would negotiate phase 2 which would permanently end the hostilities.
- Phase 2 would see in exchange for the recent release of all remaining living hostages, and Israeli forces will withdraw
- Phase 3 would be a major reconstruction plan for Gaza
Biden says that Hamas no longer has the capabilities to carry out another October 7 event
Israel responded saying that Pres. Biden does not understand the reality here and that his speech is weak and represents a victory for Hamas
This article was written by Greg Michalowski at www.forexlive.com.
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