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February 20, 2026 February 20, 2026 - Current affairs for all the Exams: <b>Geopolitical Crossroads: Trump’s ‘Board of Peace’ Convenes Amid Rising U.S.-Iran Military Tensions</b>

On February 20, 2026, the global landscape was dominated by high-stakes diplomacy and military posturing. In Washington, President Donald Trump’s inaugural <b>"Board of Peace"</b> meeting secured a $7 billion pledge for Gaza relief, while simultaneously, <b>Iran and Russia</b> launched joint naval drills in the Gulf of Oman amid reports of a potential U.S. military strike.

The international community witnessed a dual track of aggressive diplomacy and military signaling over the last 24 hours, centered primarily on the Middle East and global trade dynamics.

1. The Board of Peace and Gaza Relief

In Washington D.C., President Donald Trump chaired the inaugural meeting of the Board of Peace. The session resulted in a significant commitment from nine board members to pledge $7 billion toward a relief and reconstruction package for the Gaza Strip. While the move was hailed by some as a breakthrough in humanitarian aid, it sparked diplomatic friction in Europe. France voiced formal "surprise" and concern after reports surfaced that the European Commission (EC) participated in the meeting without a mandate from the European Council. French officials emphasized that the board's scope remains uncertain and that focus should remain strictly on immediate stability in Gaza.

2. Military Escalation in the Gulf of Oman

Contrasting the diplomatic efforts in Washington, the naval forces of Iran and Russia conducted a joint exercise on Thursday in the Gulf of Oman and the northern Indian Ocean. The drills, which included the Iranian destroyer Alvand and special operations teams, focused on "liberating hijacked vessels." These maneuvers come amidst intense speculation regarding an impending U.S. military strike against Iranian targets, with reports suggesting a 15-day deadline has been privately communicated by the Trump administration.

3. North Korea’s Landmark Party Congress

In East Asia, North Korean leader Kim Jong Un opened a rare and landmark Workers' Party Congress on Friday. In his opening address, Kim outlined the "next phase" of the nation’s nuclear weapons program while simultaneously calling for an urgent boost in economic construction to improve living standards. He notably criticized "deep-rooted defeatism" within the party leadership, signaling potential internal purges.

4. Global Economic and Political Shifts

  • U.S. Trade Deficit: New data from the Bureau of Economic Analysis revealed the United States posted a record $1.24 trillion trade deficit in goods for 2025, a 2.1% increase from the previous year.
  • Bangladesh Elections: The Bangladesh Nationalist Party, led by Tarique Rahman, secured a landslide victory in the general elections, winning 209 seats and marking a major shift in the country's political trajectory.
  • South Korea: Former President Yoon Suk Yeol was sentenced to life imprisonment for his role in a failed insurrection attempt.
  • AI Diplomacy: In New Delhi, the 2nd India-AI Impact Summit concluded with the unveiling of the "New Delhi Frontier AI Impact Commitments," a framework for responsible AI development supported by global tech leaders.

These events collectively highlight a world grappling with the transition to a more fragmented and confrontational geopolitical order, where humanitarian initiatives are frequently shadowed by military brinkmanship.

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