Despite the announcement of a power-sharing agreement between Hamas and Fatah that would end the rift between the Palestinian faction that governs Gaza and the one that rules the West Bank, much must happen before a single coalition government rules all the Palestinian territories. Still, the mere fact that the two sides have begun formalizing a path toward political unification of the territories has widespread implications for the region. The impact will fall not just on the Israeli-Palestinian conflict but also on various regional players and the United States.

The Fatah-Hamas deal allows for a five-week period to form a technocratic interim government, with new elections in six months. A senior leader from Palestinian Islamic Jihad, Hamas’ main Islamist rival, said this structure could derail the agreement by giving outside parties an opportunity to interfere. Hamas and Fatah are betting this will not come to pass.

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