US President Donald Trump has announced a new peace plan for Gaza, forged in collaboration with Israeli Prime Minister Benjamin Netanyahu, marking a pivotal moment in the Middle East conflict. The initiative comes amid ongoing violence and humanitarian crises in Gaza, where thousands have lost their lives due to recent military operations.

The recently unveiled plan calls for an immediate cessation of military operations, requesting Hamas to release 20 living Israeli hostages and the remains of additional hostages within 72 hours, in return for the release of hundreds of imprisoned Gazans. During a news conference at the White House, Trump described the agreement as a 'historic day for peace' and made clear that the US would support Israel in taking necessary actions if Hamas does not accept the proposal.

Netanyahu echoed this sentiment, stating that Israel would 'finish the job' if the plan is not agreed upon. The agreement includes a stringent clause that prohibits Hamas from playing any role in the governance of Gaza, while also potentially setting the groundwork for the establishment of a Palestinian state.

British Prime Minister Sir Keir Starmer welcomed the announcement, urging all parties to participate in bringing the plan to fruition, emphasizing the need for humanitarian relief in the conflict-stricken area.

The plan outlines several key proposals, starting with a halt to military operations and the freezing of existing 'battle lines'. It mandates Hamas to disarm and demolish its military infrastructure, facilitating Israel's gradual withdrawal from Gaza.

Moreover, for every Israeli hostage's remains returned, Israel would reciprocate by releasing the remains of 15 deceased Gazans, as stated in the agreement. The plan is also designed to facilitate immediate aid to Gaza post-agreement.

Under the proposed governance structure, a temporary non-partisan Palestinian committee would oversee Gaza, under the supervision of a newly formed international body, the 'Board of Peace', led by Trump and including former UK Prime Minister Tony Blair among others.

The resolution seeks to address the dire humanitarian situation in Gaza. According to health officials, over 66,000 people have been killed since hostilities escalated in October 2023, prompting urgent calls for international intervention.

Leaders from various nations have responded proactively, pushing for dialogue and cooperation amidst the prevailing turmoil. The announcement comes on the back of recent tensions and a fallout at international forums regarding the status of Palestine and recognition from Western nations.

While there is cautious optimism regarding the proposed plan's potential success, Hamas officials have indicated reservations, calling for guarantees on Palestinian rights and a full Israeli withdrawal in return for any disarmament discussions.