Iran-Israel War: Trump Pauses Strikes, Negotiating Peace; Gold Rebounds; CIA Arms Kurds; Gaza Flooded
Al Jazeera English
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Tuesday, February 24, 2026
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Gaza Strip
The Iran-Israel war continues to impact global markets and regional stability. Energy prices remain volatile, driving inflation fears and influencing central bank policies. Reports indicate the CIA is planning to arm Kurdish militants to destabilize Iran, while Iran has ramped up attacks on Kurdish forces in Iraq. The conflict has also exacerbated the humanitarian crisis in Gaza, where heavy rains have flooded displacement camps. ## Latest Update Gold prices have rebounded after a sharp decline, aided by a softer dollar and easing oil prices. Trump announced that the US and Iran are 'currently in negotiations' and indicated that Iran is keen to reach a peace agreement. He also announced a five-day pause on strikes targeting energy infrastructure in Iran, lifting market sentiment. ## Timeline * **2026-02-24:** Heavy rains flood Gaza tents, and Israeli military actions result in more Palestinian casualties. * **2026-02-24:** A report reveals that Israeli forces fired over 900 bullets to kill Gaza medics in 2025, followed by executions of survivors. * **2026-03-04:** Spain refuses to support a potential US-led military conflict with Iran and continues to condemn Israel's actions in Gaza, leading to diplomatic tension with the US. * **2026-03-05:** Canada's PM says he cannot rule out a military role in the Iran war and characterizes US/Israeli operations as potentially inconsistent with international law. * **2026-03-05:** Reports surface about the use of AI in US-Israeli attacks on Iran, sparking discussions about the ethical and security implications of AI in warfare. * **2026-03-05:** A report alleges that the CIA plans to arm Kurdish militants to incite civil war in Iran after the US failed to achieve its goals in the war. * **2026-03-05:** Iran escalates attacks on Kurdish forces in Iraq, attempting to preempt a ground offensive by anti-regime elements. * **2026-03-06:** The Kurdistan Regional Government denies involvement in any anti-Iran campaign, amidst reports of CIA support to Kurdish groups. * **2026-03-20:** Netanyahu expresses his desire for oil and gas to flow through Israel post-Iran war, as Iran retaliates on Gulf energy sites. * **2026-03-20:** The dollar weakens as soaring energy prices from the war lead central banks to adopt hawkish stances. * **2026-03-20:** Gold and silver prices experience volatile trade due to the US-Israel-Iran conflict, with rising oil prices capping gains. * **2026-03-23:** International gold prices drop 2% as inflation and oil price fears due to the US-Iran war continue to weigh on investor sentiment. * **2026-03-25:** Gold and silver prices rebound as Trump announces negotiations with Iran and a pause on strikes, easing market concerns. ## What to Watch * **Negotiation Progress:** Monitor the progress of negotiations between the US and Iran for signs of a potential resolution or further escalation. * **Kurdish Involvement:** Track the activities of Kurdish groups and the extent of external support they receive, as this could significantly impact regional stability. * **Energy Market Volatility:** Pay close attention to energy prices and supply disruptions, as they will continue to influence inflation and global economic conditions.