US pledges $10 billion as Trump warns Hamas and Tehran of severe consequences.
U.S. President Donald Trump opened the inaugural meeting of his newly established Board of Peace in Washington on Thursday, declaring it one of the most consequential initiatives of his presidency. Addressing representatives from 48 nations, Trump described the gathering as unprecedented in both prestige and global influence, asserting that never before had such a powerful coalition assembled with the singular purpose of advancing peace. Leaders unable to attend in person, he noted, were following the proceedings virtually, underscoring the broad international attention focused on the initiative.
Trump characterized the mission of the Board as straightforward yet monumental, stating that while peace is easy to say, it is difficult to achieve, but under determined leadership it would be produced. He described the Board of Peace as the most prestigious forum ever convened for conflict resolution, citing the caliber of world leaders who have agreed to participate or lend support. The President emphasized that the situation in Gaza remains complex, while praising Special Envoy Steve Witkoff and Jared Kushner for what he called their exceptional efforts in securing and maintaining the ceasefire between Israel and the terrorist organization Hamas. During his remarks, Trump announced that Kushner would be promoted to the role of Special Envoy, reinforcing his central role in ongoing diplomatic efforts.
The President declared that the Board would work collectively to secure a brighter future not only for Gaza but for the broader Middle East and the world. Stressing that peace is less costly than war, Trump argued that military conflict drains resources at exponentially higher levels compared to diplomatic resolution. He revealed that the United States would commit $10 billion to support the Board’s objectives, describing the figure as modest compared to even weeks of active warfare. According to Trump, the initiative represents action rather than rhetoric, with tangible solutions already underway.
Turning to Iran, Trump referenced American airstrikes conducted in June 2025, asserting that they contributed to stabilizing the Middle East. He signaled that negotiations with Tehran are at a critical juncture, warning that Iran must reach a deal or face severe consequences. Over the coming days, he said, developments would clarify whether diplomacy prevails or further action becomes necessary. He reiterated that if Hamas fails to fulfill promises to surrender its weapons, it will encounter a harsh response, making clear that disarmament remains a non-negotiable condition for sustained stability.
Trump concluded by declaring that the Gaza war, which was raging when he assumed office, has effectively ended due to persistent diplomacy and coordinated leadership. He stated that all hostages, living and deceased, have been returned home, presenting this outcome as proof that determined action can reshape seemingly intractable conflicts. Framing the Board of Peace as a transformational mechanism rather than a symbolic forum, Trump maintained that with firm leadership and unified resolve, enduring harmony in a region long scarred by war is within reach.
