Israel and Hamas have signed off on the first phase of the US-proposed Gaza deal, allowing for the release of all Israeli hostages, President Donald Trump has announced.

"I am very proud to announce that Israel and Hamas have both signed off on the first Phase of our Peace Plan," Trump said on Truth Social on Wednesday.

"This means that ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a Strong, Durable, and Everlasting Peace," Trump said.

Trump said he may travel to the Middle East this weekend.

"I may go there sometime toward the end of the week," Trump said from the White House on Wednesday.

Negotiators had been meeting in Egypt to try to complete an agreement.

Talks to end the war in Gaza had ram

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