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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on July 2, 2025

    Featured image for article about Headlines

    (Corrects third bullet point to make clear Israel demands Hamas be disarmed)

    By Steve Holland and Matt Spetalnick

    WASHINGTON (Reuters) -U.S. President Donald Trump urged Iran-backed Hamas militants on Tuesday to agree to what he called a "final proposal" for a 60-day ceasefire with Israel in Gaza that will be delivered by mediating officials from Qatar and Egypt.

    In a social media post, Trump said his representatives had a "long and productive" meeting with Israeli officials about Gaza.

    He did not identify his representatives but U.S. special envoy Steve Witkoff, Secretary of State Marco Rubio and Vice President JD Vance had been due to meet Ron Dermer, a senior adviser to Israeli Prime Minister Benjamin Netanyahu.

    Trump said Israel has agreed to the conditions to finalize a 60-day ceasefire, "during which time we will work with all parties to end the War." He said representatives for Qatar and Egypt will deliver "this final proposal" to Hamas.

    "I hope, for the good of the Middle East, that Hamas takes this Deal, because it will not get better — IT WILL ONLY GET WORSE. Thank you for your attention to this matter!" he said.

    Trump told reporters earlier in the day that he is hopeful that a ceasefire-for-hostages agreement can be achieved next week between Israel and Hamas militants in Gaza. He is set to meet Netanyahu at the White House on Monday.

    Hamas has said it is willing to free remaining hostages in Gaza under any deal to end the war, while Israel says it can only end if Hamas is disarmed and dismantled. Hamas refuses to lay down its arms.

    The war in Gaza was triggered when Hamas-led militants attacked Israel on October 7, 2023, killing 1,200 people and taking 251 hostages, according to Israeli tallies.

    The two sides have shown little sign of a readiness to budge from their entrenched positions.

    The U.S. has proposed a 60-day ceasefire and the release of half the hostages in exchange for Palestinian prisoners and the remains of other Palestinians.

    Israeli Foreign Minister Gideon Saar said earlier this week Israel has agreed to a U.S.-proposed 60-day ceasefire and hostage deal, and put the onus on Hamas.

    Trump and his aides appear to be seeking to use any momentum from U.S. and Israeli strikes on Iran nuclear sites, as well as a ceasefire that took hold last week in that conflict, to secure a lasting truce in the war in Gaza.

    Trump told reporters during a visit to Florida that he would be "very firm" with Netanyahu on the need for a speedy Gaza ceasefire while noting that the Israeli leader wants one as well.

    "We hope it's going to happen. And we're looking forward to it happening sometime next week," he told reporters. "We want to get the hostages out."

    Gaza's health ministry says Israel's post-Oct. 7 military assault has killed over 56,000 Palestinians. The assault has also caused a hunger crisis, internally displaced Gaza's entire population and prompted accusations of genocide at the International Court of Justice and of war crimes at the International Criminal Court. Israel denies the accusations.

    (Reporting by Steve Holland and Matt Spetalnick; additional reporting by Kanishka Singh and Jasper Ward; Editing by Andrew Heavens, Mark Porter, Cynthia Osterman and Lincoln Feast.)

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