What are the key challenges for the second phase of the Gaza ceasefire agreement?

The second phase of the Gaza ceasefire agreement faces more complex challenges than the first, centering on Gaza's future governance and reconstruction. Israel has clearly stated they don't want Hamas involved in Gaza's governance, while Hamas has expressed openness to either a technocratic government or a new Palestinian national government—an approach supported by Egypt. These negotiations involve numerous international stakeholders, with the United States playing a key role alongside Arab states who seek a solution without mass Palestinian displacement. Critical questions remain about who will fund Gaza's reconstruction and whether Israeli troops will completely withdraw from the area, making this a particularly fraught stage of negotiations.