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Washington – A potential military confrontation between the United States and Iran looms, threatening to destabilize the already fragile situation in the Middle East and potentially derail President Donald Trump’s recently announced initiatives for Gaza reconstruction, and peace. The possibility of a US strike, which officials suggest could occur within the next 10 days, casts a shadow over the Board of Peace forum convened by Trump, designed to foster stability and aid in the region.
President Trump unveiled the Board of Peace on Thursday, February 19, 2026, at the United States Institute of Peace, outlining a $10 billion US commitment to Gaza’s rebuilding efforts. This initiative, presented as Phase Two of his U.N.-endorsed 20-point peace plan, aims to oversee an international stabilization force in Gaza. However, the focus on Gaza appears increasingly precarious as tensions with Iran escalate, with the president signaling a swift decision point regarding further diplomatic engagement or military action.
Trump Issues 10-Day Ultimatum to Iran
During the Board of Peace meeting, President Trump issued a stark warning to Iran, setting a 10-day deadline to either resume negotiations or face potential military consequences. “We may have to take it a step further, or we may not,” Trump stated, adding that a decision would be reached “over the next probably 10 days.” He offered a glimmer of possibility, noting, “Maybe we’re going to make a deal,” but also warned of “unfortunate” outcomes if talks fail.
The impetus for this ultimatum stems from Iran’s brutal crackdown on protesters in January, where thousands of Iranians were reportedly killed. This has prompted the Trump administration to weigh additional military action, and a second American aircraft carrier group, the USS Gerald R. Ford, is currently heading toward the Middle East, according to reports.
Gaza Reconstruction Plans Face Uncertainty
The timing of the escalating tensions with Iran is particularly concerning given the ambitious goals of the Board of Peace. The initiative, whereas garnering some financial commitments – with other board members pledging approximately $7 billion in total – has faced hesitation from key U.S. Allies who are wary of the board potentially sidelining the United Nations. Concerns have also been raised about the potential for authoritarian governments to gain influence through substantial financial contributions, with reports suggesting permanent membership is linked to a $1 billion cash contribution within the first year.
The $10 billion pledged by the United States, while significant, still requires congressional approval, a process that could be complicated by the looming threat of military action against Iran. The Board of Peace aims to oversee not only reconstruction in Gaza but also the deployment of an international stabilization force. However, a military conflict with Iran could divert resources and attention away from these objectives, potentially undermining the entire initiative.
International Response and Concerns
The inaugural Board of Peace meeting included representatives from at least 40 countries, though several key U.S. Allies were notably absent. President Trump criticized these allies, accusing them of “playing cute” by not joining the initiative. FIFA President Gianni Infantino was the only non-political attendee at the meeting, which also included Vice President J.D. Vance, Secretary of State Marco Rubio, and Trump’s son-in-law Jared Kushner.
The potential for a US strike against Iran has prompted a significant military buildup in the region. The Defense Department is deploying additional warships, air defenses, and submarines, preparing for a possible military operation. Asked about the goal of a potential strike, President Trump declined to answer, stating only that “we’re either going to get a deal or it’s going to be unfortunate for them.”
What to Watch Next
The next 10 days will be critical in determining the course of events in the Middle East. President Trump’s decision regarding Iran will have far-reaching consequences, potentially impacting not only regional stability but also the viability of his Gaza reconstruction plans. The international community will be closely watching for any signs of de-escalation or further escalation, as the situation remains highly volatile. The outcome of the Iran talks, or lack thereof, will undoubtedly shape the future of the Board of Peace and the prospects for lasting peace in the region.
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