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On 27 December 2008, Israeli forces attacked Gaza to stop missile attacks by Hamas. The military operation lasted twenty-two days and ended with a fragile cease-fire. This study seeks to provide an assessment of all involved parties' stances. The author argues that some parties gained more than others, but the operation dealt a heavy blow to an already fragile peace process. Indeed, the Gaza war has further reinforced the current and growing polarization between the Palestinians and the Israelis. The continuing disagreement between the Palestinian factions and the election of a right-wing Israeli government suggest that the prospects for peace in the foreseeable future are dim.