Mediators announced on October 8th, 2025, at approximately 10:06 PM UTC, that all terms and mechanisms for the first phase of a Gaza ceasefire agreement have been finalized, leading to a cessation of hostilities, the release of Israeli detainees and Palestinian prisoners, and the entry of aid. The announcement follows intense negotiations in Sharm El Sheikh, with details expected to be released later. Prime Minister Netanyahu confirmed the deal, stating, "With God - Return everyone," while President Trump indicated that Hamas will release all hostages. Celebrations erupted in the Gaza Strip following news of the impending ceasefire, according to Al-Arabiya correspondent reports. Egypt has officially declared the achievement of a ceasefire agreement, with Hamas and Israel expected to sign it. Sources familiar with the negotiations indicate that Hamas is committed to releasing the remaining living hostages on Saturday, with the deal slated to be signed in Egypt. The biggest issues in the Gaza talks have reportedly been resolved, with remaining points being procedural. President Trump stated he will "most likely go to Egypt," and is expected to declare a permanent ceasefire. Reports suggest that the first phase of implementation will involve the release of 20 Israeli hostages in exchange for Palestinian prisoners. The agreement, guaranteed by the U.S., Egypt, Qatar, and Turkey, aims to prevent a return to war as long as both parties adhere to its terms. Amendments have also been made regarding the IDF withdrawal in the Gaza Strip, and five crossings will be opened immediately for humanitarian assistance. Palestinian media released images from meetings between Hamas and negotiation teams, including one showing Major General (res.) Nitzan Alon, head of Israel’s Hostages and Missing Persons Directorate, with Qatar’s Prime Minister. A Palestinian source told Al-Arab Al-Judid that controversial issues have been resolved and that Trump will announce the agreement soon. Sky News Arabia reported an agreement on a full ceasefire, a gradual withdrawal of the Israeli army from 70% of the Gaza Strip, and the simultaneous release of prisoners. Despite widespread celebrations in Gaza and reports of the deal being "done," one disclaimer noted that "There is no agreement yet." However, Israeli officials indicated the agreement would be signed today, with the first release of hostages occurring on Saturday or Sunday. The Israeli shekel strengthened sharply against other currencies amid the developments. Previously, negotiators had set a Friday morning deadline for the first phase of a Gaza ceasefire agreement, with Israeli officials initially rejecting a list of individuals Hamas proposed for release and requesting additional time to study the possibility of handing over bodies. U.S. Secretary of State Marco Rubio had announced on October 8th, 2025, that "good progress" had been made but "some work remains."