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Israel will not remove its troops from a narrow strip of land on the Gaza side of the border with Egypt until there is a guarantee it can never be used as a supply line for Hamas, Benjamin Netanyahu has said.

The area of scrubland and sand dunes, known as the Philadelphi corridor, was seized by his forces in May and has become a key obstacle in talks to try to secure a ceasefire with Hamas in Gaza.

The Israeli prime minister has insisted on retaining control of the corridor, where his troops have uncovered dozens of tunnels which officials say have been used to supply Hamas with weapons and ammunition.

He told foreign media that his country’s three “war goals”: destroying Hamas, releasing all hostages and ensuring Gaza never again poses a threat to Israel, could not be achieved without control of the corridor.

Mr Netanyahu repeated his outright rejection of a withdrawal from the Philadelphi corridor in the first phase of a truce deal, expected to last 42 days, saying international pressure would make it effectively impossible to return.

For a permanent ceasefire to be agreed upon after that, Israel would need guarantees that whoever ran postwar Gaza would be able to prevent the corridor from being used as a route for smuggling weapons and supplies for Hamas.

The message was similar to one Mr Netanyahu presented to Israeli media on Tuesday and also one which Ron Dermer, a close aide to the prime minister and Israeli minister of strategic affairs, gave in an interview with Sky News’ Yalda Hakim on Wednesday.

Mr Dermer said Hamas’s massacre in southern Israel on 7 October last year “couldn’t have happened” if the corridor had been closed and if Israel gave up control it would put the country at risk of repeated attacks.

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Is Israel building a new Gaza corridor?

“If you want to release the hostages, you have got to control the corridor,” Mr Netanyahu said, explaining his position in detail.

“Gaza must be demilitarised and this can only happen if the Philadelphi corridor remains under firm control and is not a supply line.”

He also hit out at international pressure to “end the war” and accept a hostage deal with Hamas – which US, Qatari, and Egyptian negotiators have been working to secure for months.

What is the Philadelphi corridor?


Ian Collier

Ian Collier

News reporter

The Philadelphi corridor is a strip of land along Gaza’s border with Egypt, including the Rafah crossing.

Spanning nine miles (14km) in length and 100 metres wide it was introduced as a demilitarised border zone after the withdrawal of Israeli settlements and troops from Gaza in 2005.

Before 2005, a 1979 treaty with Egypt allowed it to have a limited number of troops in the corridor but no heavy armour.

After 2005 it became the responsibility of Egypt and the Palestinian Authority.

Hundreds of Egyptian police were stationed there to prevent weapons smuggling, until Hamas took control of Gaza in 2007.

In May 2024, it was seized by Israel as its Gaza ground offensive pushed into Rafah.

However, Egypt continues to be against a major Israeli military presence on the border.

“People said ‘If you stay, this will kill the deal’, but such a deal will kill us,” Mr Netanyahu stated.

“If we leave there will not be any pressure points and we won’t get the hostages, the real obstacle to getting a deal is Hamas.”

If agreed, a deal would see the release of the remaining 101 hostages who have been held since the 7 October attack, in which more than 1,200 people were killed and over 250 taken hostage.

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference for the international media at the Government Press office in Jerusalem, 04 September 2024. ABIR SULTAN/Pool via REUTERS
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The prime minister says a hostage deal without Israeli troops on the corridor will ‘kill’ Israel

Both sides previously agreed, in principle, to a plan announced by US President Joe Biden on 31 May, but Hamas has since proposed amendments and Israel has suggested clarifications – leading to each side accusing the other of trying to scupper the deal.

Following the latest negotiations last month, mediators said they had presented a proposal to both parties, which they hope will build on areas of agreement and bridge any remaining gaps.

‘I am sorry’

Mr Netanyahu also faces a great deal of internal pressure to agree a deal.

Mass protests in Israeli cities such as Tel Aviv and Jerusalem have taken place over the past four days, sparked by the recovery of the bodies of six hostages from a tunnel in southern Gaza on Saturday. Israel says the hostages were shot dead by Hamas.

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‘Hostages came back as corpses’

Addressing the loved ones of the six, Mr Netanyahu said he had visited one of the families and had spoken to others.

He explained: “I said to them that I am sorry.”

“I apologised that we didn’t get them out. We worked so hard to get them, we were close, but we didn’t,” he said.

Gil Dickmann, the cousin of Carmel Gat, one of the hostages found on the weekend, told The World with Yalda Hakim he thought the Israeli government were “all losers”.

“They lost Carmel’s life. They knew that her life was in danger. They knew, and we warned them… that they could be murdered at any moment and they decided… that they are going to say no to a deal that would save her life,” he said.

“They decided to sacrifice the lives of Israeli citizens – Israeli people who were taken from their beds on 7 October under the open eye of Ron Dermer [minister of strategic affairs] and Benjamin Netanyahu.

“They decided to sacrifice Carmel and all the other hostages and now they have been executed.”

Despite the backlash and mass gatherings of demonstrators, Mr Netanyahu said the people of Israel were “overwhelmingly united” and committed to achieving its goals in Gaza.

A drone photo of protesters rallying to show support for the hostages who were kidnapped during the deadly October 7 attack, amid the ongoing conflict in Gaza between Israel and Hamas, in Tel Aviv, Israel September 1, 2024. REUTERS/Oren Alon
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Protesters at a rally in Tel Aviv on Monday to show support for the hostages. Pic: Reuters

Demonstrators stand in front of a fire as protesters block a main road to show support for the hostages who were kidnapped during the deadly October 7 attack, amid the ongoing conflict in Gaza between Israel and Hamas, in Tel Aviv, Israel September 1, 2024. REUTERS/Florion Goga
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Pic: Reuters

According to the territory’s health ministry, more than 40,800 Palestinians have been killed in a retaliatory offensive by Israel for the 7 October attack.

More than 30 Palestinians have also been killed since Israel launched a major operation in different areas of the occupied West Bank, involving hundreds of soldiers and armoured vehicles.

It claimed the offensive was to thwart Iranian-backed militant groups preparing attacks on Israeli civilians.

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Stock markets slump for second day running after Trump announces tariffs – in worst day for indexes since COVID

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Stock markets slump for second day running after Trump announces tariffs - in worst day for indexes since COVID

Worldwide stock markets have plummeted for the second day running as the fallout from Donald Trump’s global tariffs continues.

While European and Asian markets suffered notable falls, American indexes were the worst hit, with Wall Street closing to a sea of red on Friday following Thursday’s rout – the worst day in US markets since the COVID-19 pandemic.

As it happened: Worst week’s trading in five years

All three of the US’s major indexes were down by more than 5% at market close; The Dow Jones Industrial Average plummeted 5.5%, the S&P 500 was 5.97% lower, and the Nasdaq Composite slipped 5.82%.

The Nasdaq was also 22% below its record-high set in December, which indicates a bear market.

Read more: What’s a bear market?

Ever since the US president announced the tariffs on Wednesday evening, analysts estimate that around $4.9trn (£3.8trn) has been wiped off the value of the global stock market.

More on Donald Trump

Mr Trump has remained unapologetic as the markets struggle, posting in all-caps on Truth Social before the markets closed that “only the weak will fail”.

The UK’s leading stock market, the FTSE 100, also suffered its worst daily drop in more than five years, closing 4.95% down, a level not seen since March 2020.

And the Japanese exchange Nikkei 225 dropped by 2.75% at end of trading, down 20% from its recent peak in July last year.

Pic: Reuters
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US indexes had the worst day of trading since the COVID-19 pandemic. Pic: Reuters

Trump holds trade deal talks – reports

It comes as a source told CNN that Mr Trump has been in discussions with Vietnamese, Indian and Israeli representatives to negotiate bespoke trade deals that could alleviate proposed tariffs on those countries before a deadline next week.

The source told the US broadcaster the talks were being held in advance of the reciprocal levies going into effect next week.

Vietnam faced one of the highest reciprocal tariffs announced by the US president this week, with 46% rates on imports. Israeli imports face a 17% rate, and Indian goods will be subject to 26% tariffs.

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Do Trump’s tariffs add up?

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China – hit with 34% tariffs on imported goods – has also announced it will issue its own levy of the same rate on US imports.

Mr Trump said China “played it wrong” and “panicked – the one thing they cannot afford to do” in another all-caps Truth Social post earlier on Friday.

Later, on Air Force One, the US president told reporters that “the beauty” of the tariffs is that they allow for negotiations, referencing talks with Chinese company ByteDance on the sale of social media app TikTok.

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Tariffs: Xi hits back at Trump

He said: “We have a situation with TikTok where China will probably say, ‘We’ll approve a deal, but will you do something on the tariffs?’

“The tariffs give us great power to negotiate. They always have.”

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Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem

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Financial markets were always going to respond to Trump tariffs but they're also battling with another problem

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

More on Donald Trump

He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

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There were no winners from Trump’s tariff gameshow
Trade war sparks ‘$2.2trn’ global market sell-off

These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

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Court confirms sacking of South Korean president who declared martial law

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Court confirms sacking of South Korean president who declared martial law

South Korea’s constitutional court has confirmed the dismissal of President Yoon Suk Yeol, who was impeached in December after declaring martial law.

His decision to send troops onto the streets led to the country’s worst political crisis in decades.

The court ruled to uphold the impeachment saying the conservative leader “violated his duty as commander-in-chief by mobilising troops” when he declared martial law.

The president was also said to have taken actions “beyond the powers provided in the constitution”.

Demonstrators who stayed overnight near the constitutional court wait for the start of a rally calling for the president to step down. Pic: AP
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Demonstrators stayed overnight near the constitutional court. Pic: AP

Supporters and opponents of the president gathered in their thousands in central Seoul as they awaited the ruling.

The 64-year-old shocked MPs, the public and international allies in early December when he declared martial law, meaning all existing laws regarding civilians were suspended in place of military law.

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More on South Korea

The Constitutional Court is under heavy police security guard ahead of the announcement of the impeachment trial. Pic: AP
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The court was under heavy police security guard ahead of the announcement. Pic: AP

After suddenly declaring martial law, Mr Yoon sent hundreds of soldiers and police officers to the National Assembly.

He has argued that he sought to maintain order, but some senior military and police officers sent there have told hearings and investigators that Mr Yoon ordered them to drag out politicians to prevent an assembly vote on his decree.

His presidential powers were suspended when the opposition-dominated assembly voted to impeach him on 14 December, accusing him of rebellion.

The unanimous verdict to uphold parliament’s impeachment and remove Mr Yoon from office required the support of at least six of the court’s eight justices.

South Korea must hold a national election within two months to find a new leader.

Lee Jae-myung, leader of the main liberal opposition Democratic Party, is the early favourite to become the country’s next president, according to surveys.

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