The Trump administration’s Gaza Board of Peace (BoP) is an audacious answer to an old riddle: how to rebuild Gaza, disarm Hamas and support postwar governance without recreating the conditions that produced Oct. 7 and the war that followed. The design reflects a hard-earned lesson: Gaza cannot be rebuilt by aid alone, nor governed indefinitely by Israel or the Palestinian Authority in its current form. Prime Minister Benjamin Netanyahu has now accepted Trump’s invitation to join the board, easing earlier tensions about being sidelined. Let rival powers use the BoP as a podium, and Gaza becomes a gray zone again — flush with cash, thin on accountability and fertile for militias. The Board of Peace is not doomed — but it is not self-executing.