Hamas is considering a new proposal from Egypt to release up to 33 hostages taken from Israel in exchange for a halt in hostilities in Gaza, sources informed CNN.

The proposal, supported by Israel but not yet fully accepted, involves two phases. In the first, 20 to 33 hostages would be released over several weeks in exchange for a pause in hostilities and the release of Palestinian prisoners.

The second phase aims for a “restoration of sustainable calm,” involving the exchange of remaining hostages, captive Israeli soldiers, and bodies for more Palestinian prisoners.

This proposal could potentially end the war, but failure to agree may lead to an Israeli ground invasion in Rafah, Gaza, risking civilian casualties.

Israel awaits Hamas’ response, with mediation efforts ongoing in Cairo. Yahya Sinwar, Hamas’ leader in Gaza, is expected to respond soon, CNN reported.

The duration of the initial ceasefire phase would depend on the number of hostages released, with each hostage potentially granting a one-day pause in hostilities.

The initial framework suggested releasing 40 hostages for a six-week ceasefire, but Israel has agreed to accept fewer hostages in the first phase following Hamas’ revised offer.

Written by B.C. Begley