Hamas declared yesterday that it won’t release more hostages “until further notice.” Given the timing and wording of the announcement—several days before the release was supposed to take place, and speaking of a delay rather than a halt—Ron Ben-Yishai concludes that it is a negotiating tactic, aimed at “creating a temporary crisis to gain leverage.” Therefore, writes Ben-Yishai, “Hamas may reverse its decision by Saturday.” He adds:

Israel cannot afford to concede to Hamas’s demands beyond what is already outlined in the agreement, as doing so would invite continuous extortion throughout the negotiation process, further delaying hostage releases.

The group sees the public outrage and growing calls for action following the release of hostages in severe medical condition as an opportunity to extract more concessions. These demands include not only a rapid start to negotiations on the next phase of the deal and an end to the war but also smaller, immediate benefits, particularly improved conditions for displaced Gazans.

Beyond these tactical objectives, Hamas has another goal—one that Israelis do not always recognize: inflicting psychological pain on the Israeli public. The group benefits from, and perhaps even draws strength from, the anguish and emotional distress in Israel, as well as the testimonies of freed hostages detailing the abuse they endured. Hamas wants these stories to be heard—not only to pressure the Israeli government but also because, in the eyes of its supporters, Israel’s suffering is its ultimate victory.

For more than a year, the Iran-backed Houthis have been launching drones and missiles at ships traversing the Red Sea, as well as at Israeli territory, in support of Hamas. This development has drastically curtailed shipping through the Suez Canal and the Bab al-Mandeb Strait, driving up trade prices. This week, the Trump administration began an extensive bombing campaign against the Houthis in an effort to reopen that crucial waterway. Burcu Ozcelik highlights another benefit of this action:

The administration has a broader geopolitical agenda—one that includes countering China’s economic leverage, particularly Beijing’s reliance on Iranian oil. By targeting the Houthis, the United States is not only safeguarding vital shipping lanes but also exerting pressure on the Iran-China energy nexus, a key component of Beijing’s strategic posture in the region.

China was the primary destination for up to 90 percent of Iran’s oil exports in 2024, underscoring the deepening economic ties between Beijing and Tehran despite U.S. sanctions. By helping fill Iranian coffers, China aids Iran’s Islamic Revolutionary Guard Corps in financing proxies like the Houthis. Since October of last year, notable U.S. Treasury announcements have revealed covert links between China and the Houthis.

Striking the Houthis could trigger broader repercussions—not least by disrupting the flow of Iranian oil to China. While difficult to confirm, it is conceivable and has been reported, that the Houthis may have received financial or other forms of compensation from China (such as Chinese-made military components) in exchange for allowing freedom of passage for China-affiliated vessels in the Red Sea.