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Albemarle (NYSE:ALB) is raising its long-term lithium demand outlook after a breakout year for stationary energy storage, underscoring a shift in the battery materials market that is no longer driven solely by electric vehicles.

The US-based lithium major reported fourth quarter 2025 net sales of US$1.4 billion, up 16 percent year-over-year, with adjusted EBITDA rising 7 percent to US$269 million.

For the full year, Albemarle delivered US$5.1 billion in revenue and US$1.1 billion in adjusted EBITDA, results that CEO Kent Masters said were supported by “strong growth in energy storage and significant cost and productivity improvements.”

But the most consequential update came in the company’s demand outlook.

“We are seeing a diversification of lithium end markets, with stationary storage becoming an increasingly significant demand driver,” Masters told investors during a February 12 conference call, adding that Albemarle has increased its 2030 global lithium demand forecast by 10 percent to a range of 2.8 million to 3.6 million metric tons.

Storage steps into the spotlight

Global lithium demand reached 1.6 million metric tons in 2025, up more than 30 percent year-over-year and in line with Albemarle’s prior projections. Demand growth outpaced supply, tightening inventories and lifting prices into year-end.

For 2026, Albemarle now expects global lithium demand to rise to between 1.8 million and 2.2 million metric tons — growth of 15 to 40 percent — driven by both EV adoption and accelerating deployments of stationary energy storage systems (ESS).

While global EV sales climbed 21 percent in 2025, energy storage was the standout. ESS demand surged more than 80 percent year-over-year, with strong growth across China, North America and Europe.

China, which accounted for roughly 40 percent of ESS shipments, saw demand rise 60 percent. North American shipments jumped 90 percent, reflecting grid stability needs and rising electricity consumption linked to data centers and artificial intelligence. European shipments more than doubled as countries expanded renewables and sought greater energy security.

Demand outside the three major regions grew 120 percent and represented more than 20 percent of global ESS shipments, with Southeast Asia, the Middle East and Australia emerging as key growth markets.

The shift is already visible in Albemarle’s financials. In 2025, energy storage volumes reached 235,000 metric tons of lithium carbonate equivalent, up 14 percent year-over-year and above the high end of the company’s guidance range.

Fourth quarter energy storage net sales rose 23 percent from a year earlier, while segment EBITDA climbed 25 percent, supported by higher lithium pricing and cost improvements.

CFO Neal Sheorey said Albemarle’s updated 2026 scenarios reflect both pricing and operational gains.

Cost discipline, portfolio reset

After weathering a sharp downturn in lithium prices over the past two years, Albemarle has focused on strengthening its balance sheet and lowering its cost base.

In 2025, the company delivered approximately US$450 million in run-rate cost and productivity improvements and is targeting an additional US$100 million to US$150 million in 2026.

Albemarle also announced it will idle operations at its Kemerton lithium hydroxide plant in Western Australia, citing a structural cost gap between Western and Chinese conversion assets.

“There is a gap there between China and the West,” Masters said, pointing to higher labor, power and waste management costs in Australia. Idling the plant is expected to improve adjusted EBITDA beginning in the second quarter, with no impact on sales volumes.

At the same time, Albemarle is streamlining non-core assets.

The company closed the sale of its stake in the Eurocat joint venture in January and expects to complete the sale of a majority stake in its refining catalysts business in the first quarter. Together, the transactions are expected to generate approximately US$660 million in pre-tax proceeds.

“We are committed to maintaining our investment-grade credit profile,” Masters said, adding that deleveraging and disciplined capital allocation remain priorities.

Growth with limited new capital

Despite pulling back on large-scale capital spending, Albemarle expects to deliver a five-year compound annual growth rate of roughly 15 percent in energy storage sales volumes, building on a 25 percent CAGR over the past four years.

Incremental expansions at the Greenbushes mine in Australia, yield improvements at the Salar de Atacama in Chile and higher utilization at the Wodgina joint venture are expected to support growth with minimal additional capital.

Looking ahead, Masters said the company is better positioned to navigate lithium’s still-maturing cycle.

“We’ve been through two cycles since the advent of EVs,” he said, describing the market as early in its development from a commodity perspective.

With stationary storage now emerging as a second structural demand pillar alongside EVs, Albemarle’s revised outlook suggests the lithium market’s next phase will be shaped as much by grid resilience and energy security as by transportation electrification — broadening the base of demand for years to come.

Lithium prices rebound sharply in early 2026

Lithium prices have surged since the start of 2026, underscoring the market’s renewed volatility.

According to Fastmarkets, spot battery-grade lithium carbonate on the seaborne market climbed from about US$11 per kilogram in early December to more than US$16 per kilogram by early January, a jump of nearly 50 percent in a matter of weeks.

The rally has been driven by tightening supply, including delays to the reopening of CATL’s (SZSE:300750,HKEX:3750) Jianxiawo lepidolite mine and maintenance at other production facilities, alongside aggressive restocking tied to long-term contract negotiations.

Speculative buying has amplified the move, with bullish sentiment and geopolitical risk adding to momentum. At the same time, thin spot liquidity reflects a cautious market, as buyers and sellers hesitate to commit amid rapid price swings.

Spodumene prices have followed suit, rising above US$2,000 per metric ton in January, levels not seen since October 2023. The rebound has improved margins for Australian producers, many of whom curtailed output when prices fell below US$900 per metric ton. Sustained pricing at current levels could prompt a wave of mine restarts, potentially easing supply tightness later this year.

Still, Fastmarkets cautioned that prices may be running ahead of fundamentals.

“Lithium prices appear to have moved ahead of the fundamentals, propelled by speculative buying, bullish sentiment and a backdrop of heightened geopolitical risk,” wrote Paul Lusty. “The key takeaway is to brace for more volatility.”

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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TSX-V: WLR

Frankfurt: 6YL

 Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL) (the ‘Company’) announces that the Company continues to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended September 30, 2025 (the ‘Required Filings’). The Company is actively working on various strategies that they expect will resolve the preparation of the Required Filings as quickly as possible.

The Required Filings are due to be filed by March 30, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under NP 12-203 to the BC Securities Commission, as principal regulator for the Company, and the MCTO was issued on January 29, 2026. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance its projects through drilling programs with the aim of achieving resource definition in the near future.

For more information, please consult the Company’s filings, available at www.sedarplus.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Kevin Brewer
President, CEO and Director
Walker Lane Resources Ltd.

Forward Looking Statements

This news release contains certain statements that constitute ‘forward looking information under Canadian securities laws (‘forward-looking statements’). The use of words such as ‘anticipates’, ‘expected’, ‘projected’, ‘pursuing’, ‘plans’ and similar expressions identify forward-looking statements. Forward-looking statements in this news release include statements regarding the application for the MCTO and the completion of the Required Filings and the timing thereof. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws. The reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE Walker Lane Resources Ltd

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2026/13/c0056.html

News Provided by Canada Newswire via QuoteMedia

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CHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets.

At least one Kalshi trader filed a complaint with the Commodity Futures Trading Commission over how the prediction market handled Sunday’s appearance by the Grammy-winning rapper. The result of a similar event contract on Polymarket also drew the ire of some users on that platform.

Prediction markets provide an opportunity to trade — or wager — on the result of future events. The markets are comprised of typically yes-or-no questions called event contracts, with the prices connected to what traders are willing to pay, which theoretically indicates the perceived probability of an event occurring.

The buy-in for each contract ranges from $0 to $1 each, reflecting a 0% to 100% chance of what traders think could happen.

More than $47.3 million was wagered on Kalshi’s market for “ Who will perform at the Big Game? ” A Polymarket contract had more than $10 million in volume.

Celebrities including Pedro Pascal, Karol G and Cardi B during the Super Bowl halftime show on Sunday.Kevin Mazur / Getty Images for Roc Nation

Cardi B joined singers Karol G and Young Miko and actors Jessica Alba and Pedro Pascal on a starry front porch during the halftime spectacle. She danced to the music, but it was unclear whether she was singing along during the show, which included performances by Ricky Martin and Lady Gaga.

Due to “ambiguity over whether or not Cardi B’s attendance at the 2026 Super Bowl halftime show constituted a qualifying ‘performance,’” Kalshi cited one of its rules in settling the market at the last price before trading was paused: $0.74 for No holders and $0.26 for Yes holders. The platform returned all the money to its users.

Polymarket’s contract was resolved as Cardi B had performed, but the yes was disputed. A final decision on the contract is expected to be announced on Wednesday.

In the CFTC complaint — first reported by the Event Horizon newsletter and posted by Front Office Sports — the trader alleges that Kalshi violated the Commodity Exchange Act with how it resolved the Cardi B contract. The trader — a Yes holder — is seeking $3,700.

A CFTC spokesman declined comment on Wednesday.

The Super Bowl capped a big NFL season for prediction markets.

Kalshi reported a daily record high of more than $1 billion in total trading volume on the day of the game, an increase of more than 2,700% compared to last year’s Super Bowl. The season-long total for all Super Bowl winner futures was $828.6 million, up more than 2,000% from last year.

The increased activity on Sunday caused some deposit issues. Kalshi co-founder Luana Lopes Lara posted on X on Monday that the “traffic spike was way bigger than our most optimistic forecasts.” She said the platform had reimbursed processing fees on the effected deposits and added credits to users who experienced delays.

Robinhood Markets highlighted the strength of its prediction markets when it announced its financial results for the fourth quarter and full 2025 on Tuesday.

“I think we are just at the beginning of a prediction market super cycle that could drive trillions in annual volume over time,” CEO Vlad Tenev said during an earnings call. “This year is going to be a big year. Olympics are going on right now. World Cup coming in the summer.”

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Russia has reportedly agreed to abide by the limits of a nuclear arms pact it reached with the U.S. years ago after the agreement expired last week — as long as Washington does the same.

The New START Treaty’s expiration, which occurred on Feb. 5, leaves the nations with the two largest atomic arsenals with no restrictions for the first time in more than a half-century, The Associated Press reported. The expiration has fueled fears of a possible unconstrained nuclear arms race.

In September, President Vladimir Putin said Russia would abide by the nuclear arms deal for another year after its expiration date as long as the U.S. followed suit, the AP reported. However, President Donald Trump has said he wanted China to be part of a new pact, something that Beijing has rejected, according to the AP.

‘Rather than extend ‘NEW START’ (A badly negotiated deal by the United States that, aside from everything else, is being grossly violated), we should have our Nuclear Experts work on a new, improved, and modernized Treaty that can last long into the future,’ Trump wrote on Truth Social upon the treaty’s expiration.

In response to Fox News Digital’s request for comment on the now-expired treaty, the White House pointed to the president’s Truth Social post.

Russian Foreign Minister Sergey Lavrov spoke to lawmakers about the treaty, saying Moscow would ‘act in a responsible and balanced way on the basis of analysis of the U.S. military policies,’ the AP reported.

Lavrov added that ‘we have reason to believe that the United States is in no hurry to abandon these limits and that they will be observed for the foreseeable future.’

‘We will closely monitor how things are actually unfolding,’ Lavrov said. ‘If our American colleagues’ intention to maintain some kind of cooperation on this is confirmed, we will work actively on a new agreement and consider the issues that have remained outside strategic stability agreements.’

The New START Treaty was signed in 2010 by President Barack Obama and his Russian counterpart, Dmitry Medvedev, and was entered into force on Feb. 5, 2011. 

The treaty gave the U.S. and Russia until Feb. 5, 2018, to meet the central limits on strategic offensive arms. The treaty caps each side at 700 deployed ICBMs, SLBMs and nuclear-capable heavy bombers; 1,550 deployed warheads; and 800 deployed and non-deployed launchers and bombers. The parties were then obligated to maintain the limits as long as the treaty remained in force, which it did until last week.

The expiration of the treaty comes just after a meeting involving U.S. and Russian officials in Abu Dhabi. Axios previously reported that the two nations were closing in on a deal to observe the treaty for at least six months after its expiration. The outlet added that during the six-month period there would be negotiations for a new deal.

The State Department did not immediately respond to Fox News Digital’s request for comment.

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Senate Democrats aren’t budging on their Homeland Security demands, and appear ready to again thrust the government into a partial shutdown as Republicans scramble to keep the lights on.

Senate Minority Leader Chuck Schumer, D-N.Y., announced that he and Senate Democrats were prepared to reject a short-term funding extension, known as a continuing resolution (CR), for the Department of Homeland Security (DHS) just days ahead of the funding deadline.

‘We’re 3 days away from a DHS shutdown, and Republicans have not gotten serious about negotiating a solution that reins in [Immigration and Customs Enforcement] and stops the violence,’ Schumer said on X. ‘Democrats will not support a CR to extend the status quo.’

Congress has until Friday at midnight to fund the agency, and as the days go by, the odds of doing so are becoming increasingly slim.

Schumer’s edict comes as both sides of the aisle continue negotiations behind the scenes on a compromise bill to fund the agency.

Senate Democrats unveiled the legislative text of their 10-point proposal over the weekend, and for a time, Republicans were optimistic that talks were moving in a positive direction.

Now, Schumer and his caucus are at an impasse with Republicans and the White House. While President Donald Trump and his administration presented a counteroffer earlier this week, Democrats say it’s not enough.

Senate Majority Leader John Thune, R-S.D., teed up the original DHS funding bill for another vote on Tuesday. That bill could be modified to be a CR, and Republicans are leaning toward a four-week extension to keep the agency open.

And he noted that the legislative text from the White House could be coming on Wednesday.

‘There’s going to be the legislative text coming over from the White House today,’ Thune told reporters. ‘But I think it’s, like I said, the White House is operating in good faith.’

Still, Democrats have dubbed the GOP’s counter, which has been kept under strict lock and key, ‘sophomoric talking points.’ However, several items from their proposal, like requiring Immigration and Customs Enforcement (ICE) agents to obtain judicial warrants, demask, and have identification, are red lines for the White House and Republicans.

Whether the GOP can siphon off enough votes to avert a partial shutdown remains an open question, given the unified front Schumer and his caucus are presenting. And they will have a math problem of their own to contend with in trying to break the 60-vote filibuster.

Sen. Mitch McConnell, R-Ky., who was discharged from the hospital on Tuesday, ‘will be working from home this week,’ his office said in a statement.

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Attorney General Pam Bondi said she received a criminal referral from the House Judiciary Committee alleging former CIA Director John Brennan lied to Congress, confirming the receipt during a hearing before the panel on Wednesday.

Bondi’s was responding to committee Chairman Jim Jordan, R-Ohio, who directly asked the attorney general if Brennan would be indicted. The DOJ has for months been investigating Brennan and several others over the origins of the 2016 Trump-Russia probe.

‘What I can confirm is that we have received a referral from you, Chairman Jordan, to investigate John Brennan,’ Bondi said.

‘His attorneys have made some public statements, but the department is still bound, of course, by our longstanding policy of not discussing matters,’ Bondi said. ‘What I will say today I can’t confirm nor deny whether there’s a pending investigation, but what I will say [is] that no one is above the law. Weaponization has ended.

Jordan’s referral to the DOJ, sent in October, centered on Brennan’s testimony about the Steele dossier, a salacious document containing unverified, negative claims about Trump, and its role in an Obama-era Intelligence Community Assessment on Russia’s efforts to interfere in the 2016 election.

The referral followed CIA Director John Ratcliffe also asking the DOJ to prosecute Brennan over broader conspiracy allegations.

A grand jury subpoenaed Brennan and former FBI officials Peter Strzok and Lisa Page, among others, as part of the DOJ’s investigation, Fox News Digital reported in November. The subpoenas originated from the U.S. District Court for the Southern District of Florida, leading Brennan’s lawyers to accuse the DOJ of forum shopping for Republican-friendly judges.

Rep. Dan Goldman, D-N.Y., chimed in after Bondi answered, alluding to comments Trump has made about targeting his pollical enemies.

‘If we want to know whether Mr. Brennan will be indicted, you should just ask the president,’ Goldman said.

Fox News asked Trump last summer about Brennan after reports first surfaced that the FBI was investigating him and several others involved in what Republicans have widely viewed as a politically motivated effort to undermine Trump’s 2016 election campaign and victory. Trump said at the time that ‘whatever happens, happens.’

‘I think they’re very dishonest people. I think they’re crooked as hell. And, maybe they have to pay a price for that,’ Trump said at the time.

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Israel formally joined the Board of Peace on Wednesday ahead of Prime Minister Benjamin Netanyahu’s meeting with President Donald Trump at the White House.

Netanyahu signed the document in the presence of Secretary of State Marco Rubio shortly before his scheduled talk with Trump, marking a diplomatic step as the two leaders prepare to discuss regional security and ongoing conflict in the Middle East.

The prime minister said on X that while the talks would cover several issues, including Gaza, they would ‘first and foremost’ center on negotiations with Iran.

Leaders from 17 countries participated in the initial Gaza Board of Peace charter signing ceremony in Davos, Switzerland, in late January, including presidents and other senior government officials from Latin America, Europe, the Middle East, and Central and Southeast Asia.

Netanyahu was not present at the ceremony, where world leaders signed the founding charter alongside Trump, who was seated at the center of the stage.

His office, however, said he would accept Trump’s invitation to join the Peace Board, following earlier concerns he had raised about the makeup of the Gaza executive board, particularly the roles of Qatar and Turkey.

A handful of other countries were also invited by the White House to join, including Russia, Belarus, France, Germany, Vietnam, Finland, Ukraine, Ireland, Greece and China, among others. Poland and Italy on Wednesday said they would not join.

Netanyahu’s visit to Washington comes as the U.S. expands its military presence in the Middle East while talks with Iran remain ongoing.

Trump has deployed the USS Abraham Lincoln carrier strike group and the USS Michael Murphy, a guided-missile destroyer, as his envoys meet with Iranian officials in Oman.

Other U.S. naval assets, including the USS Bulkeley, USS Roosevelt, USS Delbert D. Black, USS McFaul, USS Mitscher, USS Spruance and USS Frank E. Petersen Jr., are positioned across key waterways surrounding Iran, from the eastern Mediterranean and Red Sea to the Persian Gulf, and Arabian Sea.

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Legendary boxer Mike Tyson found himself in a new arena on Wednesday as he stood with Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins, partnering with the Trump administration to fight obesity.

‘I had a sister that died at 25 from obesity. And where I come from, Brownsville, Brooklyn, is the most violent, poverty-stricken neighborhood in the city of New York and ultra-processed food was just the norm,’ Tyson said. ‘We didn’t have much money, but we had food stamps, and food stamps can buy you the candy, the sugar and all that soda and all that rotten stuff.’

Kennedy and Rollins were providing updates on the rollout of the government’s new dietary guidelines, which were unveiled in January. During the event on Wednesday, several speakers, including Tyson, spoke about the dangers of ultra-processed food and the need to get Americans to shift their diets toward real food.

‘We were able to reduce hundreds of pages of dietary guidelines… to about six pages, but it’s just three words: Eat real food,’ Kennedy said to the crowd as he closed the event. ‘I ask you all to start doing that today if you’re not already doing it.’

Tyson said that when he went to work with a trainer in upstate New York, he was given the tools to keep his health in check. While he admits that he can ‘fool around’ and get ‘lazy,’ leading to gaining 20-40 pounds, he says the tools he learned have allowed him to lose weight fast.

‘This is the biggest fight of my life,’ Tyson added. ‘I want to be a hero in this particular field because it affects my life.’

The event comes just days after the airing of an ad during the Super Bowl in which Tyson speaks about the importance of tackling the U.S.’s reliance on processed food. In the ad, Tyson also speaks about his sister, Denise, who died at the age of 25 from an obesity-linked heart attack.

The legendary boxer posted the video on his Facebook page, and said it was ‘the most important fight of my life.’

‘The most important fight of my life isn’t in the ring. I’m not fighting for a belt. I’m fighting for our health. Processed foods are killing us. We have been lied to, and we need to eat real food again,’ Tyson wrote.

Kennedy’s focus, even during his own 2024 presidential campaign, has been the rise of chronic illness in the U.S., which he believes is linked to an increased consumption of ultra-processed foods. The guidelines that he and Rollins unveiled in January effectively flip the already outdated food pyramid, moving protein, dairy, health fats, fruits and vegetables to the wide top of the inverted triangle, while relegating whole grains to the narrow bottom.

‘Better health begins on your plate — not in your medicine cabinet. The Dietary Guidelines for Americans, 2025-2030 put real, whole, nutrient-dense foods back where they belong: at the center of health,’ the government website on the guidelines, RealFood.gov, reads.

The protein target in the new guidelines is ‘1.2–1.6 grams of protein per kilogram of body weight per day.’ Additionally, the guidance recommends Americans consume three servings of vegetables and two servings of fruits every day. Meanwhile, it is recommended that Americans eat two to four servings of whole grains daily, although it specifies that refined carbohydrates are not recommended.

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Iran dominated the agenda in Wednesday’s White House meeting between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, with both leaders signaling that diplomacy with Tehran remains uncertain and that coordination will continue if talks fail.

In a post on Truth Social following the meeting, Trump said he pushed for continued negotiations but left open other options.

‘There was nothing definitive reached other than I insisted that negotiations with Iran continue to see whether or not a deal can be consummated. If it can, I let the Prime Minister know that will be a preference. If it cannot, we will just have to see what the outcome will be… Last time Iran decided that they were better off not making a deal, and they were hit with Midnight Hammer — That did not work well for them.’

Netanyahu’s office said the leaders discussed Iran, Gaza and broader regional developments and agreed to maintain close coordination, adding that the prime minister emphasized Israel’s security needs in the context of negotiations.

Earlier in the day, Netanyahu formally joined the U.S.-backed Board of Peace, signing onto the initiative ahead of the meeting after weeks of hesitation. The move places Israel inside a forum that includes Western partners as well as Turkey and Qatar, whose involvement in Gaza has drawn criticism in Jerusalem.

Experts say the decision reflects strategic calculations tied to both Gaza and Iran.

Dr. Dan Diker, president of the Jerusalem Center for Security and Foreign Affairs, said Netanyahu’s participation is directly linked to cooperation with Washington and to shaping postwar arrangements in Gaza.

‘It is in Israel’s interest for Prime Minister Benjamin Netanyahu to join the Board of Peace. He needs a place at that table even alongside adversarial powers such as Muslim Brotherhood-aligned countries Qatar and Turkey. Netanyahu’s membership in the Board of Peace is an important element in his cooperation with President Trump to help implement the 20-point plan, with deradicalization, disarming Hamas and demilitarization as the first three non-negotiable actions.’

Diker said the decision is also tied to Iran. ‘More strategic reason that Netanyahu’s membership on the Board of Peace is important is that it represents an element of cooperation to counter the Iranian regime. Netanyahu is likely counting on action against the Iranian regime from the Iranian people themselves and from the United States in the coming weeks. In exchange, Netanyahu continues to cooperate in implementing the 20-point plan in Gaza as part of a quid pro quo.’

Blaise Misztal, vice president for policy at the Jewish Institute for National Security of America, described Israel’s move as a pragmatic choice shaped by the incomplete implementation of the Gaza deal and the broader regional threat environment.

‘The implementation of the Gaza peace deal leaves much to be desired. Hamas, despite being given 72 hours to release all hostages, took over 100 days to do so; Hamas has still not disarmed; there is neither an International Stabilization Force nor any countries jumping at the chance to join it; and the Board of Peace comprises countries that have shown themselves enemies of peace with Israel.’

He said Israel ultimately chose engagement over isolation. ‘Proceeding with the deal — including joining the Board of Peace — is Israel’s least bad option. Israel has a better chance of countering or balancing Turkish and Qatari influence on the Board of Peace by being in the room with them, rather than outside it.’

Misztal also linked the timing to Iran. ‘With the United States having a real chance to disarm, or even topple, the Iranian regime and the risk that Tehran might yet lash out at Israel, there is no interest in doing anything that would risk restarting the war in Gaza.’

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The House of Representatives passed legislation on Wednesday aimed at reversing President Donald Trump’s tariffs on Canada after several Republicans joined Democrats for a rare rebuke of the GOP commander-in-chief.

Democrats successfully got a vote on a measure to reverse Trump’s national emergency at the northern border using a mechanism for forcing votes over the objections of House majority leadership, called a privileged resolution.

Trump signed an executive order in February 2025 implementing an additional 25% tariff on most goods from Canada and Mexico. Energy from Canada was subject to an additional 15% tariff.

At the time, the White House said it was punishment for those countries’ unwillingness to do more to stop the flow of illegal immigrants and illicit drugs into the U.S.

Opponents of Trump’s tariff strategy have criticized his moves against Canada in particular, arguing it was unjustly harming one of the U.S.’s closest allies and trading partners to the detriment of Americans themselves.

‘In the last year, tariffs have cost American families nearly $1,700. And that cost is expected to increase in 2026,’ Rep. Gregory Meeks, D-N.Y., who is leading the legislation, said during debate on Wednesday.

‘And since these tariffs were imposed, U.S. exports to Canada have fallen by more than 21%. When I go home, my constituents aren’t telling me that they have an extra $1,700 to spare. They’re asking me to lower grocery prices, lower the price of healthcare, and make life more affordable.’

Meeks also said, ‘Canada is our friend. Canada is our ally. Canadians have fought alongside Americans, whether it was in World War II or the war in Afghanistan, where 165 Canadians gave their lives after our country was attacked. There is no national emergency, there is no national security threat underpinning these threats.’

House Foreign Affairs Committee Chairman Brian Mast, R-Fla., argued the text of the resolution itself would end a national emergency related to fentanyl.

‘The gentleman over here, 5,000 people per year die in his state alone from fentanyl,’ Mast said of Meeks. ‘So if he wants to beg the question of who’s going to pay the price of him trying to end an emergency, that actually, for the first time, has Canada dealing with fentanyl because of the pressure being put on them — who’s going to pay the price? It’s going to be 5,000 more of his state’s residents. That’s who’s going to pay the price.’

He said the resolution was ‘not a debate about tariffs’ but rather Democrats trying to ‘ignore that there is a fentanyl crisis.’

The resolution was filed by Democrats months ago but was put on hold by an active measure by House GOP leaders that blocked the House from reversing Trump’s emergency declarations.

The president has used emergency declarations to bypass Congress on the subject of tariffs, a move that has drawn mixed reviews from Capitol Hill.

But that measure expired last month, and House GOP leaders’ bid to extend it through July 31 crashed and burned on Tuesday night when three Republicans joined Democrats to oppose it.

‘It is time for Congress to make its voice heard on tariffs,’ Rep. Don Bacon, R-Neb., one of the Republicans who voted in opposition to the Trump policy both on Tuesday and Wednesday, told Fox News Digital.

The legislation now heads to the Senate, which has voted in the past to restrict Trump’s tariff authority.

Even if it succeeds there, however, it’s likely to be hit with a veto from the president.

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