Israel-Gaza Problem Ended? Joe Biden announcement..!!

Sowmiya Sriram
Israel-Gaza Problem Ended? Joe Biden announcement..!!
US Joe Biden announced on friday that israel had submitted a "comprehensive new plan" to end the ongoing Israeli-Hamas offensive in Gaza and free all hostages held by the terrorist group. According to Joe Biden's announcement, qatar has sent this new plan to Hamas and said that decisions towards a ceasefire can be made through it. According to the plan provided by israel, the initial phase would last six weeks, with the withdrawal of Israeli forces from all areas of Gaza and a complete ceasefire, followed by the release of hundreds of Palestinian prisoners in exchange for the release of several hostages, including women, the elderly and the wounded, israel said.
Meanwhile, Israeli prime minister Benjamin Netanyahu has said that the conflict will continue until Hamas is completely eliminated. US President Joe Biden, after days of not commenting on Israel's deadly attack, made the official announcement after the cease-fire was announced on Friday.Recently Israeli military forces not only entered central Rafah, a key part of Gaza, and captured the area, but also launched a major offensive there. Photographs of the attack stunned the world.
Even after this incident, the united states said that the threshold for stopping the delivery of American weapons to israel had not been reached. In this situation, the cease-fire announcement released on friday will change the stock market, crude oil price, and gold price.


Gold: One of the main reasons for the rise in gold prices is the israel attack and, the Israel-Hamas conflict, investors plan to invest in gold as they plan to invest in a safe place. Currently, due to the ceasefire, there is not only a decrease in investments in gold but also an excess of exits.
Stock Market: There has been a slowdown in the Middle east countries for the past 3 months due to the Israel-Hamas conflict. The current cease-fire announcement is expected to increase trade with Middle Eastern countries. Through this, there is an opportunity to attract investment from the international market as well.
Oil prices fall: Crude oil prices fell for a third straight day on high oil inventories ahead of Sunday's OPEC+ meeting.
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