As the president-elect is due to take office on 20th January, the world politicians and country heads are pushing towards de-escalation. It has been more than two months since the Israel and Hezbollah ceasefire started, and except for a few violations most of the conditions are continuing.
This week the world focus is on Israel's Gaza ceasefire that is expected to begin before the Inauguration Day. The President-elect has already mentioned that if there is no ceasefire then there will be harsh consequences for Hamas and the Middle East.
He also mentioned that he would try to meet his Russian counterpart quickly once he takes office. Russia's response has been neutral and open to realistic talks. However, getting it done will be a big task as the USA, along with NATO, continues to provide weapons and finance to Ukraine.
These momentum-driven reports and meetings are likely to drive down conflict premiums on energy and other commodities. But given the scale and the real intentions, actual implementation and sustaining them will be the toughest task, as violations might further escalate to worst-case scenarios and trigger new conflicts.
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