President Trump announced that Israel and Hamas have agreed on the first phase of a Gaza peace plan, with Hamas committing to release all remaining living hostages on Saturday, October 11th, 2025. The war in Gaza is considered over, and hostage releases are expected to occur within 72 hours of the Israeli Cabinet's approval of the deal, potentially by Monday, October 13th. The announcement comes after intense negotiations in Sharm El Sheikh. According to two sources familiar with the negotiations, Hamas will release the living hostages on Saturday, following the signing of the Gaza deal. A U.S. official stated that the war in Gaza is over and that the hostage release is anticipated by Monday. While details are still emerging, reports from the previous period indicated that the first phase of implementation would involve the release of 20 Israeli hostages in exchange for Palestinian prisoners. Channel 12 reported that there will be no "release ceremonies" for the hostages, unlike during previous ceasefires. Prime Minister Netanyahu had previously confirmed the deal, stating, "With God - Return everyone," and President Trump indicated that Hamas would release all hostages. Celebrations reportedly erupted in the Gaza Strip following news of the impending ceasefire. Mediators had 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 had been finalized. 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. Five crossings were to be opened immediately for humanitarian assistance. Negotiations had previously focused on procedural points, with controversial issues reportedly resolved. President Trump had indicated he would "most likely go to Egypt" and was expected to declare a permanent ceasefire. The Israeli shekel had strengthened sharply against other currencies amid these developments.
