President Biden has unveiled a new proposal aimed at securing the release of Israeli hostages held in Gaza in exchange for a ceasefire, marking a significant diplomatic effort to end the ongoing conflict. In a speech today, Biden urged Hamas to accept the deal, which he believes could lead to a resolution of the war.

The proposal is structured in three phases. The first phase, lasting six weeks, would see Israel implement a ceasefire while Hamas releases approximately 30 hostages, including women, the elderly, and the infirm. In return, Israel would release at least 700 Palestinian detainees, including individuals convicted of terrorism, and allow a surge of humanitarian aid into Gaza, which would include temporary housing. Additionally, Israel would withdraw its forces from urban areas.

The second phase, also spanning six weeks, would involve the release of any remaining hostages and a permanent cessation of hostilities, effectively marking the end of the war. Biden emphasized that Israeli forces would withdraw from Gaza during this phase, with the ceasefire continuing as long as negotiations are ongoing—a notable shift from previous positions where Israel threatened to resume military action after the initial phase.

If both parties reach the third phase, it would entail the return of hostages who died in Hamas custody and a reconstruction plan for Gaza over three to five years, with the goal of demilitarizing Hamas. This phase could also pave the way for broader regional stability, including the potential for Hezbollah to retreat from the Lebanese border and advancements toward normalization between Israel and Saudi Arabia.

As of now, it remains unclear how the Israeli government and Hamas have responded to this proposal. The international community is closely monitoring the situation, hoping for a breakthrough that could alleviate the humanitarian crisis in Gaza and bring lasting peace to the region.