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U.K. Prime Minister Keir Starmer is reportedly gearing up to propose a peace plan for Gaza to U.S. President Donald Trump.
According to a Bloomberg report, Starmer’s Gaza peace plan is designed to ensure humanitarian relief is delivered to civilians on the ground.
This comes at a time when the Trump administration has agreed to a 15% tariff deal with the European Union.
On Sunday, the Israel Defense Forces said it would implement a humanitarian pause in several population centers in the Gaza Strip amid mounting international criticism over the ongoing crisis in the region.
Meanwhile, U.S. equities gained in Monday’s pre-market trading session after the EU tariff deal was struck a day before.
The SPDR S&P 500 ETF (SPY), which mirrors the S&P 500 index, was up 0.2% at the time of writing, while the Invesco QQQ Trust (QQQ), which mirrors the Nasdaq 100, rose 0.35%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.
The Bloomberg report added that the U.K. will reveal more details of its Gaza peace plan in the near future. The plan also includes the recognition of Palestine as a state.
This comes days after French President Emmanuel Macron announced Paris would recognize Palestine as a state in September.
However, U.S. Secretary of State Marco Rubio called it a “reckless” move.
“The United States strongly rejects @EmmanuelMacron's plan to recognise a Palestinian state at the @UN general assembly,” Rubio said in a post on X.
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