The military actions launched by Israel and the US against Iran call into question the existence of the Board of Peace, which was created at the initiative of Washington in order to achieve a settlement in the Gaza Strip, reports Politico.

US President Donald Trump’s signature Board of Peace has run straight into the war in Iran, slowing what little progress it had made since the president—and a phalanx of world leaders—heralded its creation last month, Politico noted.

So far, the board has set up its accounts at the World Bank and JP Morgan Chase, a Trump administration official said Tuesday.

“We are currently working with countries that made the pledges to get them the wiring info,” added the official

Politico recalls that some two dozen member countries pledged more than $16 billion to the board in February, with the US promising a $10 billion lion’s share.

The charter of the board, according to a leaked copy, laid out a mission to build “peace in areas affected or threatened by conflict.” Israel and Hamas exchanged hostages and prisoners, and Israel opened the Rafah border crossing between Egypt and Gaza.

Now, the US-Israel strikes on Iran appear to be getting in the way. Indonesia’s president threatened to quit if the board doesn’t benefit Palestinians.

The Trump administration official said talks with Indonesia continue and that “the Board of Peace is committed to providing stabilization and prosperity to the people of Gaza.”

But other countries, for example, Azerbaijan and Jordan, said they were still committed.

Israel has closed the Rafah border crossing citing the war with Iran. COGAT, the Israeli military body that oversees civilian affairs in Gaza, said: “At this stage, the Rafah Crossing remains temporarily closed due to the missile threat. It will reopen as soon as the security situation allows.”