The deal, not yet formally announced, outlines a six-week initial ceasefire phase and includes the gradual withdrawal of Israeli forces from Gaza and release of hostages held by Hamas in exchange for Palestinian detainees held by Israel.

Months of tedious talks over a ceasefire and hostage deal in Gaza – negotiations that required officials from an outgoing and incoming presidential administration to put aside their fundamental differences – culminated in an intense late-night push for an agreement that finally came to fruition on Wednesday.