International
Israeli minister touts Gaza ‘real estate bonanza’, defying international backlash
Israeli minister touts Gaza ‘real estate bonanza’, defying international backlash
Israel’s far-right finance minister Bezalel Smotrich has said the Gaza Strip could be a “real estate bonanza” and that he is in talks with the US about dividing up the territory after the war – an idea previously condemned internationally.
Speaking at an event in Tel Aviv, he said “a business plan is on President Trump’s table”.
“We’ve done the demolition phase… Now we need to build,” he said.
In February, Donald Trump floated plans for the US to take “a long-term ownership position” over Gaza, saying it could be the “Riviera of the Middle East”.
The idea would involve the forced displacement of Palestinians in the territory and be in violation of international law.
The US and Israel have said it would involve “voluntary” emigration. The BBC has reached out to the US State Department for comment on Smotrich’s remarks.
Trump’s plan – which was roundly rejected by Palestinians, Arab states and the wider international community – later appeared to have been dropped by the White House, with Trump describing it in July as “a concept that was really embraced by a lot of people, but also some people didn’t like it”.
But the Washington Post reported earlier this month a version of the idea was again under discussion, and would involve Gaza being turned into a trusteeship administered by the US for at least a decade while it is developed into a tourism resort and high-tech manufacturing hub.
Israel’s military campaign in Gaza, which has involved mass air strikes and building demolitions, has caused widespread destruction to the territory.
The United Nations (UN) estimates 92% of housing units have been damaged or destroyed, 91% of schools will require full reconstruction or major rehabilitation to be fully functional again, and 86% of cropland is damaged.
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The UN estimated in February that the reconstruction of the territory would cost $53.2 billion (£46.1bn) over the next 10 years.
“We paid a lot of money for this war,” said Smotrich. “So we need to divide how we make a percentage on the land marketing later”.
Smotrich, leader of Israel’s Religious Zionist party, is an ultranationalist who has been sanctioned by the UK and other countries over repeated incitements of violence against Palestinians.
He has control over planning in the West Bank and has repeatedly pushed expansionist policies.
In late August, he unveiled a proposal for the annexation of approximately four-fifths of the the territory.
He said the plan would involve “applying Israeli sovereignty” to approximately 82% of the West Bank, adding that this was in line with the principle of “maximum land with minimum Arabs”.
Israel has built about 160 settlements housing 700,000 Jews since it occupied the West Bank and East Jerusalem – land Palestinians want, along with Gaza, for a hoped-for future state – during the 1967 Middle East war. An estimated 3.3 million Palestinians live alongside them.
The settlements are illegal under international law.
Israel launched its war in Gaza in response to the Hamas-led attack on southern Israel on 7 October 2023, in which about 1,200 people were killed and 251 others were taken hostage.
At least 65,062 people have been killed in Israeli attacks since then, almost half of them women and children, according to Gaza’s health ministry.
This week, a UN commission of inquiry concluded that Israel had committed genocide against Palestinians in Gaza – an allegation the Israeli government strongly denied.
Israeli minister touts Gaza ‘real estate bonanza’, defying international backlash
BBC
International
World Leaders Gather in Paris Over Strait of Hormuz Crisis
World Leaders Gather in Paris Over Strait of Hormuz Crisis
Prime Minister Keir Starmer and French President Emmanuel Macron will this Friday co-host an emergency international summit in Paris aimed at securing the reopening of the Strait of Hormuz, following escalating tensions that have disrupted one of the world’s most critical energy corridors.
The announcement by Downing Street comes amid growing global concern over the closure of the narrow maritime passage, which connects the Persian Gulf to the Arabian Sea and serves as a vital route for nearly a fifth of the world’s oil supply.
Rising Tensions and Global Impact
The crisis surrounding the Strait of Hormuz has intensified in recent days, with heightened military posturing and reported threats to commercial shipping raising fears of a broader regional conflict. Although officials have yet to publicly confirm the precise trigger for the disruption, analysts point to ongoing geopolitical friction involving Iran and Western allies.
Energy markets have already begun reacting, with oil prices experiencing volatility amid fears of prolonged supply disruptions. Industry experts warn that any sustained blockage could trigger inflationary pressures globally, affecting fuel prices, manufacturing, and food supply chains.
Focus of the Paris Summit
Diplomatic sources indicate that the Paris summit will bring together leaders from Europe, the Middle East, and key global stakeholders, including representatives from maritime security alliances.
Top on the agenda will be:
- Immediate de-escalation of tensions in the Gulf
- Coordinated naval security to protect commercial vessels
- Diplomatic engagement with regional actors
- Frameworks to guarantee long-term stability in the waterway
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A joint UK-French statement emphasized the urgency of collective action, noting that “freedom of navigation is essential to global economic stability.”
Strategic Importance of the Strait
The Strait of Hormuz remains one of the most geopolitically sensitive chokepoints in the world. At its narrowest, it is just about 33 kilometers wide, yet it handles massive daily shipments of crude oil and liquefied natural gas from major producers such as Saudi Arabia, Iraq, and the United Arab Emirates.
Any disruption to this route not only threatens energy security but also risks drawing in global powers with strategic interests in the region.
International Reactions
Several governments have expressed support for the initiative by Keir Starmer and Emmanuel Macron, describing the summit as a critical step toward preventing further escalation.
The United Nations has also called for restraint and dialogue, urging all parties to prioritize diplomatic solutions over confrontation.
Outlook
While expectations remain cautious, diplomats say the summit could serve as a turning point in easing tensions and restoring safe passage through the Strait. However, much will depend on the willingness of key regional actors to engage constructively.
With global markets on edge and geopolitical risks mounting, Friday’s meeting in Paris is being closely watched as a test of international cooperation in the face of a rapidly evolving crisis.
World Leaders Gather in Paris Over Strait of Hormuz Crisis
International
Pope Leo XIV Rejects Trump Criticism, Says “I Am Not Afraid of the US President”
Pope Leo XIV Rejects Trump Criticism, Says “I Am Not Afraid of the US President”
Pope Leo XIV has pushed back against criticism from U.S. President Donald Trump, insisting he will not be intimidated and reaffirming his global calls for peace amid rising international tensions.
The pontiff made the remarks on Monday while speaking to journalists aboard a papal aircraft en route to Algiers, the first stop on his Africa diplomatic tour, where he is expected to hold meetings focused on interfaith dialogue, migration, and conflict resolution across the continent.
Responding to Trump’s recent comments, Pope Leo said his appeals for peace were not political attacks but part of his spiritual mission.
“The things I say are not meant as attacks on anyone,” he said. “I am not a politician. I am inviting all people to look for ways of building bridges of peace and reconciliation, of looking for ways to avoid war any time that’s possible.”
He added firmly: “I am not afraid of the Trump administration.”
The comments come after Trump, speaking on his Truth Social platform, criticised the Pope’s foreign policy stance, accusing him of being overly critical of U.S. positions on global security issues. Trump also suggested that Leo’s election as pope was influenced by expectations that a U.S.-born pontiff would handle relations with him more effectively.
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“If I wasn’t in the White House, Leo would not be in the Vatican,” Trump wrote, also arguing that he does not support any global leadership approach that would tolerate Iran acquiring nuclear weapons.
During the in-flight press briefing, Pope Leo reaffirmed that his role is guided by the teachings of the Gospel, not political alignment.
“The message of the Gospel is very clear: ‘Blessed are the peacemakers,’” he said. “I will not shy away from announcing the message of the Gospel.”
He rejected attempts to frame his remarks as political confrontation with the U.S. administration, stressing that the Church’s mission is centered on peacebuilding, reconciliation, and humanitarian concerns.
“To put my message on the same plane as what the president has attempted to do here is not understanding what the message of the Gospel is,” he added. “I am sorry to hear that, but I will continue with what I believe is the mission of the Church in the world today.”
The exchange has drawn global attention, highlighting growing tensions between religious leadership and political rhetoric amid ongoing conflicts in several regions worldwide. Vatican officials have not issued any additional statement beyond the Pope’s in-flight remarks, while the White House has also not released an official response.
The Pope’s Africa visit is expected to continue with engagements focused on peace advocacy, religious cooperation, and discussions on global stability.
Pope Leo XIV Rejects Trump Criticism, Says “I Am Not Afraid of the US President”
International
Trump Claims 158 Iranian Ships Destroyed as US Enforces Naval Blockade in Gulf Region
Trump Claims 158 Iranian Ships Destroyed as US Enforces Naval Blockade in Gulf Region
U.S. President Donald Trump has claimed that Iran’s naval forces have been “completely obliterated,” alleging that 158 Iranian naval vessels have been destroyed, while issuing a fresh warning that any remaining ships approaching the U.S.-enforced blockade will be “immediately eliminated.”
Trump made the remarks in a post on Truth Social, where he stated that Iran’s navy had been “laid at the bottom of the sea,” adding that only a small number of fast-attack boats remain operational. He warned that any such vessels nearing the blockade zone would face an “immediate” and decisive military response.
The statement comes as the United States begins full enforcement of a naval blockade on Iran, confirmed by the U.S. Central Command (CENTCOM), covering key maritime zones including the Arabian Gulf, Gulf of Oman, and approaches to the Strait of Hormuz.
According to CENTCOM, the operation—activated at 10:00 a.m. Eastern Time—is aimed at restricting all maritime traffic in and out of Iranian ports and coastal waters. Officials said the move is part of a broader strategy to increase pressure on Tehran over its nuclear programme and regional activities.
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The U.S. military further stated that the blockade applies to all vessels attempting to access Iranian ports regardless of nationality, while allowing monitored passage through international shipping lanes such as the Strait of Hormuz, one of the world’s most strategic oil routes.
The escalation reportedly follows the collapse of weekend diplomatic negotiations held in Pakistan, where U.S. and Iranian representatives failed to reach a de-escalation agreement.
Trump’s latest comments combined updated claims of Iranian naval losses with a renewed warning that any surviving fast-attack craft would be “immediately eliminated” if they challenge U.S. forces enforcing the blockade.
Global oil markets reacted sharply to the developments, with reports indicating that crude prices surged above $100 per barrel amid fears of disruption to global energy supplies passing through the Middle East.
The Strait of Hormuz, through which nearly 20% of global oil trade flows, remains the central flashpoint in the crisis, with analysts warning that any sustained disruption could trigger a wider global energy shock.
Iran has not yet issued an official response to the blockade or Trump’s latest claims. However, Iranian authorities have previously warned that any attempt to restrict its maritime access would be considered a violation of sovereignty and could provoke retaliation.
International observers have expressed concern over the rapid escalation, warning that heightened naval deployments by both sides could increase the risk of direct confrontation in the Gulf region.
Military activity in the area remains ongoing, and officials say the situation is still evolving with further developments expected.
Trump Claims 158 Iranian Ships Destroyed as US Enforces Naval Blockade in Gulf Region
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