President Trump hosted the inaugural Board of Peace meeting at the newly-renamed Donald J. Trump Institute of Peace on Thursday morning, joined by Vice President J.D. Vance, Secretary of State Marco Rubio, Special Envoy to the Middle East Howard Lutnick, and Jared Kushner.

In his opening remarks, Trump announced that the United States would invest $10 billion in the effort; this is in addition to $7 billion pledged from member nations. On Wednesday, Press Secretary Karoline Leavitt said Trump would be announcing $5 billion in pledges from the member nations, but apparently their wallets opened up a bit more overnight.

Watch: International Coalition Pledges $5B+ for Gaza Peace Efforts

Trump touted the successes his administration had in the first year of his second term, saying, "We settled eight wars, and I think a ninth is to come," referencing the ongoing war between Russia and Ukraine, and adding, "That turned out to be a tougher one. I thought that was gonna be the easiest one. But with war you never know what's easy and what's not so easy."

Of course, all eyes are on Iran at this moment. Trump warned Iran's leaders that "they cannot continue to threaten the stability of the entire region."

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The founding charter for the Board of Peace was signed by the leaders of 59 in January, 2026 during the World Economic Forum meetings in Davos, Switzerland.