Israel has agreed to fund the reconstruction of Gaza "for the time being" in response to mounting pressure from the United States, Ynet reported on Thursday, citing a senior diplomatic source.
The US has reportedly been pushing Israel to pay for repairing the destruction across Gaza caused by the past two years of fighting, according to Ynet, with the cost estimated to be in the billions.
This follows Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani saying that Qatar would not "write the check” to rebuild Gaza at The Doha Forum earlier this week.
Neither the White House nor the Prime Minister's Office has made any official comments on funding for Gaza's reconstruction.
White House planning for second phase of Gaza deal
The White House did say on Thursday that there was a lot of quiet planning underway for the next phase of the peace plan and that announcements would be made at the proper time, Reuters reported.
On Wednesday, US President Donald Trump said he would announce the membership of the Gaza “Board of Peace,” a committee responsible for overseeing the Gaza Strip, in early 2026.
Axios also reported that Trump is expected to announce the transition to Phase II of the US-backed Gaza peace plan in the next three weeks.
However, according to Ynet, Israel remains firm on the decision not to move ahead until the remains of hostage Ran Gvili are returned.