The first phase, spanning a 42-day ceasefire, would see the exchange of 33 Israeli hostages in Gaza for Palestinians held in Israeli prisons, U.S. officials said.

Months of shuttle diplomacy have failed to end the war in Gaza, which began after Hamas launched a surprise attack on Israel on Oct. 7, 2023 that killed 1,200 people and saw 250 taken hostage. Around 105 captives were later released in a weeklong cease-fire in November 2023 in exchange for 240 Palestinian prisoners.

Qatar has handed over drafts of a possible ceasefire agreement to both Hamas and Israel, Qatari foreign ministry spokesperson Majed Al-Ansari said on Tuesday, adding that this is the closest point to a deal over the past months.