President Donald Trump announced Thursday evening that the long-awaited "board of peace" that will be tasked with overseeing the rebuilding of the Gaza Strip has officially been formed.

Trump first teased the creation of the board, which he is expected to lead and will be made up of heads of state and former heads of state, last September. 

"It is my Great Honor to announce that THE BOARD OF PEACE has been formed," Trump said in a post on Truth Social. "The Members of the Board will be announced shortly, but I can say with certainty that it is the Greatest and Most Prestigious Board ever assembled at any time, any place. Thank you for your attention to this matter!"

The announcement comes a day after Special Envoy Steve Witkoff said the United States is kicking off "phase two" of Trump's peace plan to end the Gaza War, with the goal of implementing the demilitarization of the coastal region.

Last year, Trump negotiated a ceasefire agreement to end active fighting between Israel and Hamas that had persisted since the Oct. 7, 2023, Hamas raid on Israel. The delicate ceasefire has largely held, despite intermittent skirmishes.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.