The U.S.-backed proposal for a 60-day ceasefire between Israel and Hamas envisages a phased release of hostages, Israeli troop withdrawals from parts of Gaza and discussions on ending the conflict, an official familiar with the negotiations said on Thursday.

President Donald Trump said Tuesday that Israel had “agreed to the necessary conditions” to finalize a ceasefire in Gaza, though it was not immediately clear whether Hamas would accept the terms.

Displaced Palestinians have called for Hamas to accept a ceasefire in its war with Israel, warning of "catastrophic" consequences if they refuse, as the conflict reaches the two year mark.