The first phase, spanning a 42-day ceasefire, would see the exchange of 33 Israeli hostages in Gaza for Palestinians held in Israeli prisons, U.S. officials said.

Qatar has handed over drafts of a possible ceasefire agreement to both Hamas and Israel, Qatari foreign ministry spokesperson Majed Al-Ansari said on Tuesday, adding that this is the closest point to a deal over the past months.

The terms of a deal between Israel and Hamas for a ceasefire in Gaza and the release of hostages are being finalised, a Palestinian official familiar with the negotiations has told the BBC. It comes as White House National Security Advisor Jake Sullivan said a truce and hostage deal could be done "this week".