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Trump announces $10 billion U.S. investment in Gaza, sets deadline for Iran

At the inaugural meeting of the Board of Peace, the president also announced monetary and troop commitments from several foreign nations

Murat Gok/Anadolu via Getty Images

President Donald Trump makes a speech during the inaugural meeting of the 'Board of Peace' at the US Institute of Peace in Washington, DC, United States on February 19, 2026.

President Donald Trump used the occasion of the first meeting of the Board of Peace in Washington on Thursday to announce significant monetary and troop commitments from the U.S. and other countries to stabilize Gaza, as well as lay out a timeline for military action against Iran.

“I want to let you know that the United States is going to make a contribution of $10 billion to the Board of Peace,” Trump said at the United States Institute of Peace, where several foreign leaders gathered for the meeting.

The president also named, for the first time, which countries have agreed to make additional financial contributions to the reconstruction of Gaza: Kazakhstan, Azerbaijan, the United Arab Emirates, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan and Kuwait “have all contributed more than $7 billion toward the relief package,” Trump said. 

The meeting comes as the administration works to address several issues in the Middle East, including rising tensions with Iran. The U.S. has amassed a large collection of military assets in the region in preparation for a potential strike, as the two sides attempt to negotiate a nuclear deal. 

Trump said in his remarks, “Now we may have to take it a step further or we may not. Maybe we are going to make a deal [with Iran]. You are going to be finding out over the next probably 10 days.”
Speaking to reporters on Air Force One later in the day, Trump said, “I would think that would be enough time — 10, 15 days, pretty much maximum.” Last June, Trump said he would decide whether to take action against Iran within two weeks, and carried out strikes on Iranian nuclear facilities two days later. 

During the meeting, Trump also called on Iran to “join” the board “on a path that will complete what we’re doing.”

“If they [Iran] join us, that will be great. If they don’t join us, that will be great too, but it will be a very different path,” the president said. “They cannot continue to threaten the stability of the entire region, and they must make a deal. Or if that doesn’t happen, I maybe can understand if it doesn’t happen, but bad things will happen.”

Trump also announced that several countries would contribute personnel to an International Stabilization Force tasked broadly with securing Gaza and upholding the ceasefire between Hamas and Israel. Morocco, Albania, Kosovo and Kazakhstan “have all committed troops and police to stabilize Gaza,” he said. Indonesia vowed prior to the meeting to also contribute personnel to the body’s mission. 

The president added that “Egypt and Jordan are likewise providing very, very substantial help, troops, training and support for a very trustworthy Palestinian police force. We think we’re getting some very good people on that police force.”

However, despite the announcements, questions remain over how effective the pledges will be. Hamas continues to maintain a presence in Gaza and has thus far refused to disarm or relinquish governing authority — a dynamic that could complicate reconstruction and stability efforts. Trump has not clearly defined the operational scope of the International Stabilization Force, including whether its members would be expected to confront Hamas directly or focus on traditional peacekeeping functions.

Despite those uncertainties, Trump still expressed confidence that Hamas would comply with disarmament commitments.

“[Hamas] made a promise, and they promised me they would get rid of their weapons. Looks like they’re going to be doing that,” Trump said, adding that if they do not, “they’ll be very harshly met.” Since announcing the Board of Peace, Trump has made similar threats to Hamas numerous times. 

He also said there are “two countries that want to go in and do a number on Hamas,” without specifying which countries, but added, “I really don’t think that’s going to be necessary, because [Hamas] they made a promise.” The ISF is not expected to play a role in countering Hamas. 

During his address, the president also took a moment to acknowledge the foreign leaders of member countries that had shown up to back the announcement, including offering praise for Sheikh Mohammed bin Abdulrahman Al Thani, Qatar’s prime minister. Despite widespread criticism of Doha’s ties to Hamas officials and support for the terrorist organization, Trump strongly defended the leader against accusations that he and his country are “evil.” 

“His excellency, Prime Minister Al Thani of Qatar, just a great and highly respected man,” said Trump. “I always say he needs a public relations agency because you do so much good, and they have you down as evil, and you’re not evil. You help us so much and you’re such a good ally.” 

Meanwhile, Trump signaled that he hopes to broaden the Board of Peace’s membership, though several leaders of major U.S. allies — including the United Kingdom, Germany and France — have indicated they do not plan to take part

Trump also withdrew an invitation previously extended to Canadian Prime Minister Mark Carney after the leader delivered remarks critical of the initiative at last month’s World Economic Forum in Davos.

“So many of our friends in Europe are attending today, and we’re eager to have them become full members,” said Trump. “And we’ve had a great response from Europe. I’m excited to announce that Norway has agreed to host an event bringing together the board of peace.”

Trump also addressed the board’s relationship with the United Nations, amid questions about whether the new body is intended to complement or rival existing international institutions. He positioned the board as senior to the U.N., and that the two bodies would work “very closely.”

“We’re going to bring them back. I think the United Nations has great potential, really great potential. It has not lived up to potential,” said Trump. “The United Nations will be much stronger, and the Board of Peace is going to almost be looking over the United Nations and making sure it runs properly. But we’re going to strengthen the United Nations. We’re going to make sure its facilities are good. They need help, and they need help money wise. We’re going to help them money wise, and we’re going to make sure the United Nations is viable.” 

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