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Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
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Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo

The Palestinian and US governments on Sunday announced the start of the US-Palestinian Economic Dialogue (USPED) to discuss current and future areas of economic cooperation.

The dialogue is scheduled to kick off on Monday. It is the fourth organized by the two sides since 2004 and the second under the current US administration.

USPED was interrupted under the Trump administration and then resumed in 2021 for the first time in five years.

A joint statement by the Palestinian and US governments said the economic dialogue is launched in light of US President Joe Biden’s commitment to achieving a two-state solution, including the existence of an independent, sovereign, and geographically connected state of Palestine, with freedom, security and prosperity for all.

USPED sessions will be chaired by Minister of National Economy Khaled al-Osaily on the Palestinian side, and Principal Deputy Assistant Secretary for the Bureau of Economic and Business Affairs at the State Department, Whitney Baird on the US side.

This senior-level dialogue will also bring together a wide range of agencies and ministries from the two governments.

Participants will discuss several crucial issues to advance the economic prosperity of the Palestinian people, increase the dynamism of the productive sectors, especially trade, industry, renewable energy, and financial issues.

They will also review the implementation of previous discussed key topics, including infrastructure development, access to US markets, US regulations, free trade, financial issues, renewable energy and environmental initiatives, connecting Palestinian and American businesses, and addressing obstacles to Palestinian economic development.

This year, the Palestinian government is going through its worst financial crisis since the establishment of the Palestinian Authority due to precipitous decline in foreign aid, Israel’s ongoing deduction of tax revenues, and the repercussions of confronting the COVID-19 pandemic.

In April 2021, Washington announced the Biden Administration's plan to resume various forms of aid to the Palestinians.

The administration provided more than $890 million in aid to the Palestinian people, including humanitarian aid and through UNRWA support.

As for the volume of trade exchange between Palestine and the US, it amounts to about $100 million.

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Iran’s Allies Constrained in Confronting Israel

Armed Houthi supporters carry images of deceased military and political figures from Iran-aligned groups during a protest in Sanaa against Israeli airstrikes on Iran (EPA)
Armed Houthi supporters carry images of deceased military and political figures from Iran-aligned groups during a protest in Sanaa against Israeli airstrikes on Iran (EPA)
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Iran’s Allies Constrained in Confronting Israel

Armed Houthi supporters carry images of deceased military and political figures from Iran-aligned groups during a protest in Sanaa against Israeli airstrikes on Iran (EPA)
Armed Houthi supporters carry images of deceased military and political figures from Iran-aligned groups during a protest in Sanaa against Israeli airstrikes on Iran (EPA)

As war rages between Tehran and Tel Aviv, Iran may soon need to call upon its network of regional allies - groups it has armed and funded for years. But now, the so-called “Axis of Resistance” looks strained, fragmented, and far from ready.

On June 19, 2025, General Mohammad Reza Naqdi of the Iranian Revolutionary Guard urged Iran’s regional allies to take action to relieve mounting pressure on Tehran. At that point, Iran was entering its second week of heavy Israeli bombardment. Strategically, an Israeli strike on the Iranian capital once seemed unthinkable, but the regional terrain has since shifted. Iran’s supply routes are now disrupted, and its key proxy groups have either been neutralized or weakened.

According to The Times of Israel, Israel launched this war after nearly two years of systematically targeting Iran’s allies in Gaza, Lebanon, and Yemen. The 2023 Hamas attack on Israel had triggered a chain of retaliation that left many of Iran’s partners damaged or demoralized. With the Assad regime collapsed in Syria, Hezbollah weakened in Lebanon, and Hamas reduced to guerrilla tactics in Gaza, few proxies appear ready for a new confrontation.

In Gaza, Hamas has been forced into small ambushes and urban warfare, its rocket arsenal depleted and many senior leaders killed. Iranian communication channels with the group have also eroded. Israel’s targeted assassination of Mohammad Saeed Izadi, a key Quds Force commander linked to Palestinian factions, further strained coordination. For now, Hamas can offer little more than rhetorical support.

In Iraq, US forces have fortified their embassy in Baghdad, while withdrawing from bases such as Ain al-Asad. Iraqi factions loyal to Iran are posturing, threatening US interests should America enter the war. But most Iraqi leaders remain reluctant to drag the country into open conflict, knowing the consequences could be disastrous. Iran, too, is cautious about sacrificing Iraq’s political and economic value.

Hezbollah, reeling from the death of its longtime leader Hassan Nasrallah in a 2024 Israeli strike, is in disarray. Its military capacity and leadership have been significantly degraded. Though the party retains some strategic capabilities, domestic and regional pressures have so far restrained it from opening a major front.

In Yemen, the Houthis have emerged as Iran’s last viable card. They now play a key role in smuggling weapons and expanding Iranian influence into Africa. Should the US directly join Israel’s war, Tehran may finally authorize the Houthis to use their stockpile of ballistic missiles, signaling a decisive and potentially catastrophic new phase of the conflict.