Israel's government has maintained that Hamas must fully disarm and Gaza must be demilitarized before reconstruction can begin under the U.S.-backed 20-point plan, with Prime Minister Netanyahu's office stating on November 10-11, 2026, that the group has surrendered no weapons and continues to divert aid for military purposes. Hamas has signaled conditional acceptance of related frameworks but consistently links any disarmament steps to prior Israeli withdrawals, verified ceasefires, and governance changes. This sequencing dispute, alongside stalled verification mechanisms and recent winter flooding in Gaza that intensified humanitarian pressures without advancing negotiations, has kept formal Hamas policy announcements absent. Trader consensus reflects these entrenched positions and limited near-term catalysts for a binding commitment by year-end.