Ceasefire Between Thailand & Cambodia + IDF Assessment on Hezbollah Capabilities + Taiwan Receives Second Tranche of US M1 Main Battle Tanks + More

For review:

1. Ceasefire Between Thailand & Cambodia. After efforts by Malaysia, the United States, and China to bring both sides to the table, the two countries' leaders agreed during talks in Putrajaya, Malaysia to end hostilities, resume direct communications and create a mechanism to implement the ceasefire.

2. Dozens of ministers gathered at a United Nations conference on Monday to urge the international community to work toward a two-state solution between Israel and the Palestinians. 

The 193-member UN General Assembly decided in September last year that such a conference would be held in 2025. Hosted by France and Saudi Arabia, the conference was postponed in June due to the Israel-Iran war.

3. IDF Assessment on Hezbollah Capabilities.

In terms of firepower, Israel claims to have destroyed 70-80% of Hezbollah's rocket fire capabilities. The IDF has estimated that Hezbollah possesses several thousand rockets — the vast majority of them short-range projectiles like mortars, and only several hundred long-range ones.

4. Turkey has secured a landmark defense export agreement with Indonesia, signing contracts for 48 5th Generation KAAN fighter aircraft. Deliveries of the 48 aircraft will be carried out over a 10-year period.

5. Taiwan Receives Second Tranche of US M1 Main Battle Tanks.

6. US Army cancels plan to develop the A3 Variant of the M88 Hercules Recovery Vehicle. Instead, the Army will pursue upgrades to the current A2 Variant. 

 The A3 variant was designed to eliminate the need to use two (A2 Variant) vehicles to raise and move some of the newer and heavier M1 Tanks. 

7. The House and Senate Armed Services Committees have sent the Pentagon guidance for how lawmakers want to see $150 billion in defense funding from the reconciliation bill spent.