The peace prize is the only Nobel awarded in the Norwegian capital, with the choice of winner often being unexpected and sometimes controversial.
Last year's prize went to jailed Iranian women's rights activist Narges Mohammadi, sending a clear rebuke to Tehran's leaders and boosting anti-government protests.
With ongoing conflicts in the Middle East, Ukraine, and other regions, this year's peace prize announcement is being watched particularly closely.
Past Nobel peace prize winners include influential figures and organizations that have shaped global peace efforts since its inception in 1901.
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