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UN Security Council members vote on a draft resolution to Authorize an International Stabilization Force in Gaza authored by the US at UN Headquarters in New York, NY on November 17, 2025.
What We’re Watching: UN backs US plan for Gaza, Trump to sell fighter jets to Saudi, Zelensky seeks funds with money well running dry
UN Security council approves Trump plan for Gaza
The resolution lends international legitimacy to a multi-national peacekeeping force and US President Donald Trump’s Board of Peace. Not everyone loves it. Russia and China abstained, saying the resolution gives too much leeway to the US to shape Gaza’s future. Israel, meanwhile, objected to language gesturing towards a possible future Palestinian state. Hamas rejected the resolution outright and said it refuses to disarm. That’s still the hard reality on the ground: how many countries, UN resolution or not, will be willing to send their troops into a firefight with Hamas?
Trump says he’ll sell F-35s to Saudi Arabia as crown prince arrives
Ahead of Saudi Crown Prince Mohammad bin Salman’s visit to the White House today, Trump announced Monday that he would sell F-35 fighter planes to the Gulf state. If fully approved, Saudi Arabia would be only the second country in the Middle East – after Israel – to successfully purchase these jets. Several other deals are set to be announced, too, including on civilian nuclear infrastructure, artificial intelligence, and even hotels, bringing the two oil-producing states closer together. Do these deals remove the incentives for Saudi to join the Abraham Accords? Not necessarily – they still would love access to Israeli tech – but it does mean they’re in less of a rush.
Ukraine is on the hunt for more funds and peace talks
Ukraine desperately needs more funds, and Europe is at an impasse on how to refill its coffers. Belgium blocked a loan plan that would use the $160 billion of Russia’s central bank assets to fund Ukraine, fearing it could be on the hook if Russia demanded its money back or retaliated against Euroclear, the Belgian central securities depository where the funds are held. While the EU is looking for ways to allay Brussels’s worries, Ukrainian President Volodymyr Zelensky is turning to Spain and Turkey for funds and peace deals: Madrid announced a $1.16-billion aid package after meeting with Zelensky, who is now heading to Turkey, where he will try to “reinvigorate” peace talks with Russia.Carney to meet Trump: Not time to talk turkey – yet
The White House wants to deal with Asian countries before it gets around to USMCA, the trade agreement governing trade with Canada and Mexico.
“It makes sense to separate out Canada and Mexico from the rest because they are going to want to redo the USMCA,” a source close to the White House told Politico. “They’re going to have separate tariffs that focus specifically on Mexico and Canada, and they’re going to take some actions to squeeze them a little bit.”
A delay might also suit Carney. A former central banker, Carney became prime minister in March but almost immediately went to the polls to get a democratic mandate. Canadian politics has been thoroughly disrupted since Trump started issuing tariff threats before his inauguration in January. Carney could benefit from a period of calm in which he can consult with other politicians, business, and labor to figure out the best strategy to take to USMCA renegotiations and try to soothe the anger in the oil-rich Prairies, where voters were hoping for a Conservative government.
Ultimately, Trump’s willingness to engage in trade negotiations may be driven by broader economic concerns, and he may be motivated to make some deals if it helps turn the economy around. Official numbers released Wednesday show the economy shrank in the first quarter, likely as a result of Trump’s tariffs.