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Trump Unveils $10bn ‘Board of Peace’ As Tensions With Iran Escalate

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Donald Trump on Thursday announced a $10 billion commitment from the United States to launch a new global initiative tagged the “Board of Peace,” even as tensions mount between Washington and Iran over its nuclear programme.

The initiative was formally inaugurated at the former United States Institute of Peace building in Washington, which has now been renamed in honour of the 79-year-old president.

ALSO READ: ‘Make A Deal Or Face Consequences’ – Trump Warns Iran

About two dozen world leaders and senior officials attended the ceremony.

Trump said the United States would spearhead funding for the new body, with its first major focus on rebuilding Gaza Strip, devastated by nearly two years of war between Hamas and Israel.

“Together we can achieve the dream of bringing lasting harmony to a region tortured by centuries of war and suffering,” Trump declared, describing peace as “an easy word to say, but a hard word to produce.”

Veto Powers and Funding Conditions
Under the structure unveiled at the event, Trump will retain veto power over decisions of the Board and may continue to lead it even after leaving office.

Countries seeking permanent membership beyond an initial two-year term would be required to contribute $1 billion.

Despite the $10 billion pledge, the president did not provide detailed clarification on how the funds would be allocated, drawing criticism from analysts who described the initiative as opaque.

The Board emerged following a ceasefire reportedly brokered in October by the United States alongside Qatar and Egypt to halt hostilities in Gaza.

The plan has now entered a second phase focused on disarming Hamas and stabilising the territory.

Gaza’s health authorities say hundreds have died since the truce began, underscoring the fragile nature of the ceasefire.

Iran Warning

The launch comes amid heightened tensions with Iran. Trump confirmed that US envoys recently held talks with Tehran’s top diplomat, pressing for major concessions, particularly regarding its nuclear ambitions.

“We have to make a meaningful deal; otherwise bad things happen,” Trump warned, adding that Washington could escalate further if negotiations fail within days.

US military assets, including warplanes and aircraft carriers, have reportedly been repositioned toward the region on presidential orders, fuelling speculation about possible military action.

International Participation

Among notable attendees was Indonesian President Prabowo Subianto, whose country has indicated readiness to deploy up to 8,000 troops if an International Stabilisation Force for Gaza is approved.

Hungarian Prime Minister Viktor Orban and Argentine President Javier Milei were also present, alongside Pakistan’s Prime Minister Shehbaz Sharif.

Israel was represented by its foreign minister, who stood alongside Qatar’s prime minister during a group photograph — a symbolic moment amid strained diplomatic relations.

A technocratic committee headed by engineer Ali Shaath has also been formed to oversee day-to-day governance in Gaza as part of transition efforts.

Mixed Reactions

However, critics have questioned the Board’s mandate and its relationship with existing global institutions such as the United Nations. Some analysts described the initiative as ambitious but lacking clarity and institutional coherence.

While supporters see it as a bold diplomatic experiment, others argue it reflects Trump’s personalised approach to foreign policy.

As diplomatic engagement with Iran continues and military deployments intensify, global attention is now fixed on whether the “Board of Peace” will ease regional tensions or coincide with a fresh escalation in the Middle East.

International News

Deadly Fire Engulfs Kenyan Girls’ School Dorm, 16 Confirmed Dead

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A devastating fire has swept through a girls’ boarding school in central Kenya, leaving at least 16 students dead and dozens more injured in one of the country’s worst school tragedies in recent years.

The incident occurred in the early hours of Thursday at Utumishi Girls Academy, located in Nakuru County, roughly 120 kilometres north of Nairobi. Authorities said the fire broke out around 1:00 a.m. while about 220 students were asleep inside the dormitory.

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Emergency responders, including the Kenyan Red Cross and local security agencies, rushed to the scene and evacuated survivors.

At least 73 students have been hospitalised with varying degrees of burns and smoke inhalation, while rescue operations and search efforts continued into the morning.

Police sources said the cause of the fire remains unknown, and investigations have been launched to determine what triggered the deadly blaze.

The affected dormitory has since been cordoned off as forensic teams examine the scene.

Parents gathered anxiously outside the school as authorities worked to account for all students. Officials have urged calm, assuring that full details will be released once investigations are completed.

The tragedy adds to a troubling history of school dormitory fires in Kenya, where boarding schools remain common.

In previous years, similar incidents have raised serious concerns about safety standards and emergency preparedness in educational institutions.

Government officials are expected to revisit school safety regulations following the latest disaster.

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International News

New US Strike on Iran Sends Oil Prices Soaring as Middle East Tensions Escalate

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Global oil prices climbed sharply on Thursday following reports of a new United States military strike on Iran, raising fresh concerns over stability in the Middle East and possible disruptions to global energy supplies.

Brent crude rose significantly in early trading, while West Texas Intermediate also recorded gains as investors reacted to renewed hostilities and uncertainty around the fragile ceasefire in the region.

ALSO READ: Renewed US-Iran Tensions Drag Oil Price Northwards

According to reports, the latest US action included targeted strikes on Iranian positions following a series of drone and maritime incidents in and around the Strait of Hormuz.

The US military described its operations as “measured and defensive,” aimed at preventing further escalation and protecting strategic interests in the region.

The developments triggered immediate reactions across global financial markets, with Asian stocks mostly declining amid fears that prolonged conflict could disrupt oil shipments through the Strait of Hormuz — a critical route for nearly a fifth of global crude supply.

Market analysts warn that sustained instability could push energy prices even higher, fueling inflationary pressures worldwide and potentially forcing central banks to maintain tighter monetary policies.

In Asia, major indices recorded losses, while tech-driven gains in select markets were overshadowed by broader investor caution. Safe-haven assets strengthened slightly as traders moved away from riskier positions.

Economists say the situation remains highly volatile, with conflicting signals from Washington and Tehran adding to uncertainty.

Any further escalation, they caution, could send oil prices even higher and deepen global economic pressure.

For now, investors are closely watching diplomatic developments and military activity in the region, as the world braces for possible further shocks to energy markets.

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U.S. Issues Highest-Level Travel Warning for Uganda Over Deadly Ebola Outbreak

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The United States has issued its strongest travel advisory against Uganda, warning citizens to completely avoid travel to the country due to an ongoing outbreak of Ebola virus disease.

In the updated alert, the United States Department of State upgraded Uganda’s travel status to Level 4, the highest risk classification, which is widely understood as a “Do Not Travel” warning.

The decision was based on serious health threats and the rapid spread of the virus in affected areas.

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Authorities also warned of the risk of cross-border transmission, noting that continued movement across neighbouring countries could worsen the situation despite ongoing containment efforts.

Previously, the Centers for Disease Control and Prevention had placed Uganda under a lower-level health advisory, advising travellers to take standard precautions.

However, a surge in infections and deteriorating conditions led to the tightening of restrictions.

Meanwhile, Ugandan authorities have stepped up emergency response measures, including stricter border surveillance, movement restrictions in affected zones, and reductions in public transportation and market activities in high-risk areas.

Health agencies remain on high alert as the outbreak continues to raise concern over possible regional spread across East Africa.

 

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