U.S. President Donald Trump has officially announced the formation of a 'Board of Peace' for the Gaza Strip, a crucial development in the ongoing efforts to stabilize the war-torn Palestinian territory. The announcement was made on Trump's Truth Social platform on Thursday, January 15 or 16, 2026. This board is a key component of 'Phase Two' of a comprehensive U.S.-backed peace plan, which aims to bring an end to the conflict. The overarching peace plan, initially unveiled by Trump in late September 2025, saw its 'Phase One' come into effect on October 10, 2025, which facilitated a ceasefire and the return of hostages. 'Phase Two,' now underway, focuses on the demilitarization of Gaza, establishing technocratic governance, and initiating large-scale reconstruction efforts. The newly formed Board of Peace is mandated to support and oversee these critical aspects of post-war administration, reconstruction, and economic recovery in Gaza. Significantly, Trump is expected to chair this international body himself, with its members, anticipated to include heads of state from various stakeholder governments and international organizations, to be announced shortly. The board's creation follows the recent announcement of a 15-member Palestinian technocratic committee, which is tasked with managing the day-to-day governance of Gaza under the Board of Peace's supervision. The establishment of this Board of Peace was welcomed by the United Nations Security Council Resolution 2803 in November 2025, underscoring its international recognition and importance. This initiative reflects a concerted effort to transition Gaza towards a stable and peaceful future, although challenges such as full demilitarization and Israeli withdrawal remain to be fully addressed.