Here are some of the key clauses in the peace plan, first announced last week at the White House, and what Sky News correspondents make of them.
Gaza ‘to be redeveloped for’ its people
The first two points say Gaza will become “a deradicalised terror-free zone” and “redeveloped for the benefit of” the enclave’s people – but the role they’ll have is unclear, said US correspondent Mark Stone.
“Beyond Hamas, there is no defined role for the Palestinians beyond vague assurances that they can take over once reform has taken place,” he explained.
What’s clear is that Hamas would have to agree to full disarmament and complete removal from the administration of Gaza – something Stone said would “amount to suicide for their movement”.
It’s unclear from Mr Trump’s statement on Wednesday on the sides’ agreement how much progress has been made on Hamas’s potential disarmament.
The group has repeatedly refused this prospect in the past, but Israel insists it must happen.
All hostages to be released
The plan states that within 72 hours of the agreement being accepted, “all hostages, alive and deceased will be returned”.
Now, with the two sides agreeing the first phase, all 20 living hostages are set to be released as soon as this weekend.
The remains of another 28 people kidnapped on 7 October 2023 are also still believed to be in Hamas’s possession.
It’s unclear when they will be handed over, but President Trump said on Truth Social that “ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line”.
Several thousand Palestinian prisoners will be freed in exchange for the hostages and the Israeli military will begin a withdrawal from most of Gaza.
The draft agreement also stated: “For every Israeli hostage whose remains are released, Israel will release the remains of 15 deceased Gazans.”
Middle East correspondent Adam Parsons said securing the hostages’ release has been crucial for Israel’s Prime Minister, Benjamin Netanyahu.
“I think Netanyahu’s gamble is that he will be seen as a statesman,” he said, “if he can bring home the hostages and do that deal, stop the casualties being suffered by the Israeli military, [and] stop the increasing… anger over the number of people who are being killed by Israeli bombardments in Gaza.”
What are the other key points?
Some of the other significant guarantees include a promise that nobody will be forced to leave the Gaza Strip, and that Israel will not occupy or annex Gaza.
The document also states that full aid will “proceed without interference […] through the UN, its agencies, the Red Crescent and other international institutions”.
Tony Blair to be on the ‘Board of Peace’
The plan states that a temporary governing board will be put in charge of Gaza – and just one person has so far been confirmed to join Donald Trump on what he’s calling the ‘Board of Peace’: Sir Tony Blair.
Chief political correspondent Jon Craig said the appointment was “controversial but not a surprise”.
“Sir Tony Blair has been one of the key architects of this peace plan,” he said. “It’s a Blair blueprint to a large extent, he went to the White House to discuss it in August.”
Sir Tony “gets on well” with Mr Netanyahu, he added. The former British prime minister’s experience in the Middle East goes back nearly 30 years and in the 1990s he was involved in talks with then Palestinian leader Yasser Arafat.
“From President Trump’s point of view, and indeed Benjamin Netanyahu’s, it makes sense because [Blair] is an experienced negotiator and go-between power broker in the Middle East,” Craig said.
‘Still huge unknowns’
International correspondent Alex Rossi said that despite the peace plan having 20 points, there are two main components.
“The first bit is about achieving a ceasefire and bringing back the hostages, the second is about achieving a comprehensive peace in the wider region and the distant prospect of Palestinian statehood.
“It goes without saying that ushering in a ceasefire, while not easy, is far more achievable than resolving the Israel-Palestine conflict completely.”
But Rossi also said there were still “huge unknowns”.
“Trump’s 20-point plan is ambitious, but vague,” he said. “It leaves many questions unanswered about borders, reconstruction, governance and security, as well as Palestinian self-determination. All of them [are] radioactive issues that have destroyed previous efforts for peace.”
