In Pictures: Dancing in Hostage Square as Donald Trump confirms 'first-phase' of Israel-Gaza ceasefire
Hundreds took to Tel Aviv's Hostage Square to celebrate the agreement.
People took to the streets of Gaza and Israel last night after President Donald Trump announced a preliminary ceasefire deal had been agreed.
Listen to this article
Mr Trump made the announcement in a post on social media on Wednesday evening, describing the agreement as "the first steps towards a strong, durable and everlasting peace" in the region.
The progress comes after mediators from the US, Egypt and Qatar had spent the last three days in Sharm El-Sheikh, Egypt, discussing a Gaza ceasefire and a release of Israeli hostages still held by Hamas.
The American leader shared his 20-point peace plan for Gaza last week, under which a so-called "Board of Peace" overseen by figures including Sir Tony Blair would run the Palestinian territory.
Read more: Celebrations in Gaza and Israel as Trump announces the 'first phase' of peace plan agreed
Read more: Starmer expresses ‘profound relief’ as first phase of Gaza peace plan agreed
The plan proposes an immediate end to fighting and the release of 48 hostages, only 20 of whom are thought to be alive, in exchange for hundreds of detained Gazans.
In Tel Aviv, people took to Hostage Square, celebrating the first sign of an end to a fighting in nearly 10 months.
Similar celebrations were seen in Gaza, where the Palestinian people have been under siege for nearly two years, starved of crucial medical supplies and aid.
Announcing the peace deal, Mr Trump said: wrote: "I am very proud to announce that Israel and Hamas have both signed off on the first Phase of our Peace Plan.
"This means that ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a Strong, Durable, and Everlasting Peace.
"All Parties will be treated fairly!
"This is a GREAT Day for the Arab and Muslim World, Israel, all surrounding Nations, and the United States of America, and we thank the mediators from Qatar, Egypt, and Turkey, who worked with us to make this Historic and Unprecedented Event happen.
"BLESSED ARE THE PEACEMAKERS!"
A deal is expected to be signed as early as 10am on Thursday.