Israel's government ratified a ceasefire agreement with Hamas on Friday, marking a critical step toward halting hostilities in Gaza within 24 hours. The deal includes provisions to secure the release of Israeli hostages held in the territory within 72 hours, according to official statements.
The decision follows weeks of heightened tensions and international mediation efforts. Analysts suggest the agreement could ease regional instability while creating opportunities for humanitarian aid delivery to Gaza's civilian population. However, observers caution that long-term peace will require sustained dialogue and confidence-building measures.
Business leaders across Asia have expressed cautious optimism, noting that reduced Middle East volatility could stabilize global energy markets. Meanwhile, diaspora communities worldwide are closely monitoring developments, with many hoping for improved conditions to reconnect with family in affected areas.
