The Government of Israel and Hamas agreed to a ceasefire, with hostages to be released and humanitarian aid to enter Gaza, potentially ending the 15-month conflict.
Following extensive negotiations, a truce between the parties has been established in alignment with the framework previously presented by the US in May. The ceasefire comes after more than 45,000 casualties.
Go deeper with GlobalData
During a press briefing, US State Department spokesperson Matthew Miller said that this cessation of hostilities is the culmination of persistent diplomatic efforts by US President Joe Biden, US State Secretary Antony Blinken, National Security Advisor Jake Sullivan, CIA Director William Burns, Brett McGurk, and other officials, with significant contributions from the governments of Qatar and Egypt.
The agreement promises immediate respite for the inhabitants of Gaza and Israel. In the ensuing days, detainees are expected to be repatriated.
There will be an influx of humanitarian aid into Gaza as hostilities cease. The citizens of Gaza, who have borne considerable hardship, can commence the process of reconstruction, Miller said.
In a recent address, Secretary Blinken highlighted three essential objectives to resolve the conflict: establishing a ceasefire; devising a robust strategy for governance, security, and rebuilding in Gaza; and advancing normalisation efforts between Saudi Arabia and Israel to provide both Israelis and Palestinians with the necessary incentives and guarantees to fulfil their longstanding national goals.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIsrael’s Prime Minister Benjamin Netanyahu received confirmation from the negotiation team that terms for the release of hostages have been successfully negotiated.
A government assembly is scheduled to endorse the agreement.
US Secretary of Defense Lloyd Austin III said: “Israelis and Palestinians need not be doomed to eternal conflict, and with leadership and wisdom, we can make progress toward the day when Israelis and Palestinians live side by side in peace and security in two sovereign states, with mutual security and dignity.”
The arrangement, which took eight months of negotiations and was expedited to be in place before the US presidential inauguration, requires Hamas to cease rocket attacks immediately and release all hostages within six weeks.
In exchange, Israel will stop military operations within Gaza’s borders.
Both parties have agreed to maintain open communication channels for further confidence-building measures.
Pentagon press secretary Air Force major general Pat Ryder said: “Hamas must be held accountable for the murder of innocent civilians.
“But Defense [Department] leaders are committed to swiftly reaching a ceasefire deal that secures the release of all remaining hostages.”
The conflict with Hezbollah began after an attack by Hamas on Israel in October 2023.
