Israel is weighing a US-brokered ceasefire plan that would halt its Gaza offensive and secure the release of hostages. The proposal, presented as President Donald Trump’s initiative, was also delivered to Hamas over the weekend, Xinhua reported.

Under the plan, all 48 hostages still in Gaza would be freed on the first day of the truce in exchange for thousands of Palestinian prisoners. Broader peace talks would then begin under Trump’s mediation.

Hamas signaled readiness to negotiate but demanded an end to the war, a full Israeli withdrawal, and a transitional Palestinian administration in Gaza. Families of hostages urged Prime Minister Benjamin Netanyahu to support the deal.

Trump said Israel had already accepted his terms and warned Hamas of consequences if it refused. Gaza health officials say more than 64,000 Palestinians have been killed since October 2023, according to Xinhua.