The ceasefire is broadly holding in Gaza, with Israeli forces inside the strip having pulled back to the so-called "yellow line." Still, renewed Israeli strikes killed dozens of Palestinians last week in response to what Israel alleged was a ceasefire violation by a Hamas gunman.

Israel's military on Saturday said it launched airstrikes against Hamas terrorists in Gaza in the latest test of the ceasefire that began on Oct. 10. Health officials in Gaza reported at least 14 people killed and another 45 wounded, including children.

The controversial, US and Israel-backed Gaza Humanitarian Foundation (GHF) says it is winding down its aid operations in the Palestinian territory, after almost six months. The organisation had already suspended its three food distribution sites in Gaza after the ceasefire between Hamas and Israel took effect six weeks ago.

The reports came as Gaza’s Health Ministry and UN warned that killings have continued despite the October 10 ceasefire, with more than 340 Palestinians dead and nearly 900 wounded.

The Bank of Israel lowered short-term interest rates by a quarter-point on Monday, its first reduction in nearly two years, as a ceasefire in Gaza led to easing inflation and reduced geopolitical risk.

China’s Ambassador to the United Nations, Fu Cong, warned that genuine peace between Israel and Palestine remains distant, urging the international community to intensify efforts toward a sustainable ceasefire.

From United States President Donald Trump’s dramatic return to the White House to a fragile Gaza ceasefire, a raging global trade war, and record-breaking climate disasters, 2025 unfolded as a year of geopolitical shocks,