Jerusalem: In a significant development, Hamas leader Ismail Haniyeh announced on Tuesday that a truce agreement with Israel is on the horizon. This has sparked hopes for the release of dozens of hostages taken during the October 7 attacks. Haniyeh's statement, reported by his office to AFP, indicates that negotiations are advancing towards a deal.

The hostages, numbering around 240 and primarily consisting of Israeli civilians, including children and the elderly, were captured during Hamas's assault last month. Despite efforts, only a few have been released, either by Israeli ground forces or through the recovery of bodies. The remaining hostages' precise whereabouts are unknown, but they are believed to be held in Gaza.

As part of the potential deal, a five-day truce is being considered, encompassing a ground ceasefire and limitations on Israeli air operations over southern Gaza. In return, 50 to 100 hostages, including Israeli civilians and individuals of other nationalities (excluding military personnel), would be released by Palestinian militant groups. The agreement also entails the release of around 300 Palestinians, including women and children, from Israeli jails.

The development follows US President Joe Biden's recent statement, expressing optimism about an imminent deal for the release of hostages. Talks, facilitated by Qatar, where Hamas has a political office, have gained momentum. The International Committee of the Red Cross has also played a role in advancing humanitarian issues related to the conflict in Israel and Gaza.

Israeli Prime Minister Benjamin Netanyahu has responded to these developments, expressing hope for a finalized deal soon. Special cabinet meetings have been called to address the emerging situation. The war cabinet is expected to convene in the evening, followed by sessions of the security cabinet and government to deliberate on potential swap deals that include the release of Palestinian prisoners.