Prior to his recent trip, Witkoff facilitated a prisoner exchange with Russia, securing the release of American history teacher Marc Fogel. During these negotiations, Witkoff established a working relationship with Kirill Dmitriev, the head of the Russian Direct Investment Fund. He also acknowledged Saudi Arabia’s crown prince Mohammed bin Salman for his role in Fogel's release. Furthermore, Witkoff was dispatched to the Middle East to collaborate with Joe Biden’s team on securing a hostage and ceasefire agreement.

Israel is currently advocating for the “Witkoff proposal,” which calls for Hamas to release half of its remaining hostages in exchange for an extension of the ceasefire and negotiations for a lasting truce. Witkoff's long-standing relationship with Donald Trump, dating back to the 1980s, has evolved from a chance encounter to a close friendship and political alliance. He has been a significant donor to Trump's political endeavors and partnered with him on ventures such as the World Liberty Financial cryptocurrency project.

Steve Witkoff's recent diplomatic visits to Moscow and the Middle East underscore his growing role as a key negotiator in international conflicts. This increased engagement of private individuals in diplomatic efforts signals a potential shift in traditional foreign policy approaches.