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Israel

Egypt and US put squeeze on Bibi

As talks to free the Israeli hostages proceed in Cairo, the Israeli leader is resisting calls for a ceasefire

January 18, 2024 11:13
Copy of netanyahu GettyImages-1719686694
Israeli Prime Minister Benjamin Netanyahu looks on as the US Secretary of State gives statements to the media inside The Kirya, which houses the Israeli Defence Ministry, after their meeting in Tel Aviv on October 12, 2023. Blinken arrived in a show of solidarity after Hamas's surprise weekend onslaught in Israel, an AFP correspondent travelling with him reported. He is expected to visit Israeli Prime Minister Benjamin Netanyahu as Washington closes ranks with its ally that has launched a withering air campaign against Hamas militants in the Gaza Strip. (Photo by Jacquelyn Martin / POOL / AFP) (Photo by JACQUELYN MARTIN/POOL/AFP via Getty Images)

ByAnshel Pfeffer, in Jerusalem

4 min read

One of two issues will decide the fate of both the war in Gaza and the Netanyahu government in the coming weeks. Which of them it is will be decided in either Cairo or Washington. From one of those capitals of countries which are essential to Israel’s strategic priorities will come an offer that Prime Minister Benjamin Netanyahu will try and resist.

In Cairo the talks are ongoing on a major agreement to release all the hostages remaining in Gaza, whose official number is 136, but 27 of whom are already believed to be dead. The Egyptians are not brokering the talks, going between rooms in which teams of Israeli and Hamas representatives are sitting, out of the goodness of their hearts. They are losing hundreds of millions of dollars each month with shipping in the Red Sea under fire from Houthi rockets and the major cargo companies routing their fleets around Africa, bypassing the Suez Canal, Egypt’s main source of income.

The Egyptians don’t believe that the airstrikes on Houthi bases by American and British fighter-jets will change the situation anytime soon. Their solution is a ceasefire in Gaza and they are applying pressure on both sides. Towards Hamas they have direct means of coercion: the Rafah crossing (and the tunnels under the border) are the only lifeline Hamas’s military wing have out of Gaza. Egypt, when it chooses, can decide who and what will go in or out. Their levers of influence over Israel are more subtle.

As one veteran negotiator in the Middle East once said: “Some deals are made in the market, where there many things on sale for any price. And then there are boutique deals, where you know exactly what you are going to get and how much it will cost. You just have to decide if you’re prepared to pay the price.” Unlike the previous hostage release agreement, where it was unclear until the last moment how many hostages would eventually be freed, the deal on the table in Cairo is a boutique one.