Investing.com -- On Monday, the presidents of Egypt, France, and Jordan had a phone discussion with U.S. President Donald Trump. The focus of their conversation was the urgent need to establish a ceasefire in Gaza, as well as the release of hostages, according to a statement from the Egyptian presidency.

On the same day, Israeli forces were observed creating clear zones and constructing watch towers in areas of Gaza they have recently taken control of. This is part of a renewed offensive that, according to the United Nations, has already resulted in the capture or displacement of two-thirds of the Gaza enclave.

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