Recent statements from the U.S.-backed Board of Peace and Hamas officials highlight a core impasse over sequencing in the 15-point Gaza plan. Israel insists on full Hamas disarmament, including heavy weapons and tunnels, before any further withdrawals or expanded aid, while Hamas conditions implementation on prior Israeli approval of the phased roadmap, initial withdrawals, and humanitarian steps. Israeli intelligence from October indicates Hamas has rebuilt forces and shows no intent to disarm unilaterally. U.S. officials note potential amnesty provisions as an incentive, with talks continuing in Cairo on phase-two details such as verification mechanisms and technocratic governance. These diplomatic and security frictions, alongside stalled aid flows and ceasefire enforcement disputes, shape trader assessments of near-term agreement prospects.