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.

If the Israel-Hamas ceasefire deal goes according to the current draft, then fighting will stop in Gaza for 42 days, and dozens of Israeli hostages and hundreds of Palestinian prisoners will be freed.