Global Hotspots: Israel and Hezbollah Reach Ceasefire Agreement

New Lines Institute for Strategy and Policy

This week, Israel and Hezbollah agreed to a U.S.-mediated cease-fire, while fighting continued in Gaza, with Hamas signaling it could agree to cooperate on ceasing hostilities. In Ukraine, Kyiv experienced the largest drone bombing since the start of the war, and the U.K. unveiled additional sanctions against Russia. In the Indo-Pacific, Taiwanese President William Lai is planning a visit to his diplomatic allies with a possible stop-over in the U.S., and Washington is making additional plans to deter China with the Philippines and Japan. In the U.S., President-elect Donald Trump threatened additional tariffs against China, Mexico, and Canada. In the closing of the U.N. COP29 climate conference, richer countries agreed to finance $300 billion per year to assist poorer countries with climate change mitigation and adaptation initiatives. Read the full Weekly Forecast Monitory here: https://newlinesinstitute.org/forecast/week-20241127/