Israel security cabinet approves ceasefire and hostage deal

An Israeli army military convoy moves along a road on the border with the Gaza Strip on January 13, 2025
An Israeli army military convoy moves along a road on the border with the Gaza Strip on January 13, 2025. Photo credit MENAHEM KAHANA/AFP via Getty Images

NEW YORK (BLOOMBERG) -- Israel’s high-level security cabinet approved a ceasefire and hostage-prisoner exchange deal with Hamas, paving the way for a weeks-long pause from Sunday to the 15 months of fighting in Gaza.

The deal will now be brought to the full cabinet, where it is expected to be signed off despite opposition by some far-right members of Prime Minister Benjamin Netanyahu’s government.

The six-week ceasefire and first exchange of Israeli hostages and Palestinian prisoners are expected to begin the day before Donald Trump’s inauguration as US president.

aThis photo provided by the Israeli Government Press Office, Israeli Prime Minister Benjamin Netanyahu, center, convened his security Cabinet to vote on a ceasefire deal after confirming an agreement had been reached that would pause the 15-month war with Hamas in Gaza, in Jerusalem, Friday, Jan. 17, 2025
This photo provided by the Israeli Government Press Office, Israeli Prime Minister Benjamin Netanyahu, center, convened his security Cabinet to vote on a ceasefire deal after confirming an agreement had been reached that would pause the 15-month war with Hamas in Gaza, in Jerusalem, Friday, Jan. 17, 2025. Photo credit Koby Gideon/Israeli Government Press Office via AP

Both he and outgoing leader Joe Biden pushed the warring sides to reach a deal before the presidential handover.

The truce had looked at risk of collapsing for much of Thursday when Netanyahu accused Hamas of reneging on some commitments. Final terms of the agreement have now been ironed out.

Under the terms of the deal, Hamas, designated a terrorist organization by the US and many other countries, will gradually release 33 of about 98 hostages that remain in Gaza, many of who are dead. Israel’s military will withdraw from populated areas of the Gaza Strip and free around 1,000 Palestinian prisoners.

The agreement was mediated by the US, Qatar and Egypt. It envisions further negotiations between the sides to end the war that began in Oct. 2023, though those terms have yet to be negotiated.

Aid trucks loaded with supplies for Gaza are queued in Al-Arish City on January 17, 2025 in Arish, Egypt
Aid trucks loaded with supplies for Gaza are queued in Al-Arish City on January 17, 2025 in Arish, Egypt. Photo credit Ali Moustafa/Getty Images

Israeli Wariness
Within Israel there’s still plenty of wariness about the ceasefire, with many politicians saying the war should continue until Hamas is completely destroyed.

Far-right Finance Minister Bezalel Smotrich has threatened to resign if Israel doesn’t resume fighting once the first phase of the ceasefire ends.

Hamas invaded Israel from Gaza on Oct. 7, 2023, killing 1,200 people, mostly civilians, and taking 250 people hostage. Israel responded with an intense air and ground war in Gaza that has devastated the enclave and killed over 46,000 people, the Hamas-run health ministry says, without differentiating between combatants and civilians.

There will be a moratorium to allow relatives of victims of terrorist attacks to appeal to the High Court of Justice against the release of specific Palestinian prisoners, though this is seen as a formality.

This story originally appeared on Bloomberg.com.

Featured Image Photo Credit: MENAHEM KAHANA/AFP via Getty Images