Israel's government has ratified a ceasefire with the Palestinian militant group Hamas, clearing the way to suspend hostilities in Gaza within 24 hours and free Israeli hostages held in Gaza within 72 hours after that.
The Israeli cabinet agreed to the deal, roughly 24 hours after mediators announced an agreement to free Israeli hostages in exchange for Palestinian prisoners, in the first phase of Mr Trump's initiative to end the two-year war in Gaza.
"The government has now approved the plan for the release of all hostages - the living and the fallen," Israeli Prime Minister Netanyahu's said on social media platform X.
US President Donald Trump said he expects to travel to the Middle East on Sunday to celebrate the first phase of the Gaza peace deal and be there for the release of hostages by Hamas.
Ahead of the Israeli cabinet's ratification of the deal, Mr Trump said the agreement between Israel and the Palestinian armed group had "ended the war in Gaza".
Speaking at the White House, the US leader added that "nobody's going to be forced to leave" the Palestinian territory under his 20-point peace plan, which formed the basis for indirect negotiations between Hamas and Israel in Egypt.
But the US president also said the bodies of some of the dead hostages would be "hard to find".
He said he hoped to travel to Israel, where he may address parliament, and maybe to Egypt.
"The hostages will be coming back Monday or Tuesday. I'll probably be there, I hope to be there," Mr Trump told reporters in the Oval Office, referring to hostages taken by Hamas during its 7 October 2023 attack on Israel.
He added that he also hopes to attend a signing ceremony in Egypt.
It comes after Egyptian President Abdel Fattah al-Sisi extended an invitation to Mr Trump to attend celebrations over a Gaza ceasefire deal.
The US president said he thought the deal will bring "lasting peace".
However, Mr Trump said under the plan Gaza is going to be "slowly redone", a reference to plans to rebuild the Palestinian enclave. He did not provide details.
Hamas took 251 people hostage into Gaza, where 47 remain, including 25 the Israeli military says are dead.
Israel's retaliatory campaign in Gaza has devastated the territory and killed tens of thousands of Palestinians.
Israelis and Palestinians alike rejoiced after the deal was announced, the biggest step yet to end two years of war in which over 67,000 Palestinians have been killed and return the last hostages seized by Hamas in the deadly attacks that started it.
Hamas' exiled Gaza chief Khalil Al-Hayya said he had received guarantees from the United States and other mediators that the war was over.
An Israeli government spokesperson said the ceasefire would go into force within 24 hours of government approval of the deal.
After that 24-hour period, the hostages held in Gaza would be freed within 72 hours.
Twenty Israeli hostages are still believed to be alive in Gaza, while 26 are presumed dead, and the fate of two is unknown.
Hamas has indicated that recovering the bodies of the dead may take longer than releasing those who are alive.
Under the deal, fighting will cease, Israel will partially withdraw from Gaza and Hamas will free all remaining hostages in exchange for hundreds of prisoners held by Israel.
Fleets of trucks carrying food and medical aid would be allowed to enter Gaza to relieve civilians, hundreds of thousands of whom have been sheltering in tents after Israeli forces destroyed their homes and destroyed entire cities.
Israelis and Palestinians rejoice
Egypt's state-affiliated Qahera TV reported the ceasefire officially come into effect after it was signed in the Egyptian beach resort of Sharm el-Sheikh.
The Israeli prime minister's office had said it would take effect only once ratified by the Israeli cabinet, which has subsequently happened.
Watch: Marco Rubio hands Donald Trump a note about the progress of the negotiations in Egypt
Palestinians and the families of Israeli hostages broke into celebrations after news emerged of the pact.
In Gaza, where most of the more than two million people have been displaced by Israeli bombing, people applauded in the streets, even as Israeli strikes continued.
"Thank God for the ceasefire, the end of bloodshed and killing," said Abdul Majeed Abd Rabbo in Khan Younis in southern Gaza.
"I am not the only one happy, all of the Gaza Strip is happy, all the Arab people, all of the world is happy with the ceasefire and the end of bloodshed," he added.
Einav Zaugauker, whose son Matan is one of the last hostages, rejoiced in Tel Aviv's so-called Hostages Square, where families of those seized in the Hamas attack that sparked the war two years ago have gathered to demand their return.
"I can't breathe, I can't breathe, I can't explain what I'm feeling ... it's crazy," she said.
She added: "What do I say to him? What do I do? Hug and kiss him.
"Just tell him that I love him, that's it. And to see his eyes sink into mine ... It's overwhelming - this is the relief."
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Live updates on developments in the Middle East
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Still, Gaza residents said Israeli strikes on three Gaza City suburbs continued overnight and early this morning.
Lines of smoke rose over Shejaia, Tuffah and Zeitoun, but there were no immediate reports of casualties.
The Gaza health ministry said at least nine Palestinians were killed by Israeli fire in the past 24 hours.
Real progress in Gaza must include flow of aid, UN chief says
Ahead of the deal's ratification by the Israeli government, UN Secretary General António Guterres has said real progress in Gaza will come when obstacles to delivering humanitarian aid are removed, not just "silencing of the guns".
The UN chief reiterated his call for all parties to "abide fully" by the terms of the agreement.
"But to turn this ceasefire into real progress, we need more than the silencing of the guns," Mr Guterres said, following months of calls from the body for Israel to stop obstructing the delivery of aid.
He added: "We need full, safe and sustained access for humanitarian workers; the removal of red tape and impediments; and the rebuilding of shattered infrastructure."
The United Nations is ready to provide full support, able to surge food, water, medical supplies and shelter "at once", Mr Guterres said.
"We and our partners are prepared to move - now," he said, adding: "We have the expertise, the distribution networks, and community relationships in place to act."
Last week, UN humanitarian chief Tom Fletcher said the UN had 170,000 tons of humanitarian aid prepositioned in the region, ready to enter Gaza.
Mr Guterres also called on all sides to seize the opportunity to "establish a credible political path forward".
He said it would be "a path towards ending the occupation, recognising the right to self-determination of the Palestinian people, and achieving a two-state solution".
20-point framework
Just a day after the second anniversary of Hamas militants' cross-border attack that triggered Israel's devastating assault on Gaza, indirect talks in Egypt yielded an agreement on the initial stage of Mr Trump's 20-point framework.
But the agreement announced by Mr Trump late last night was short on detail and left many unresolved questions that could yet lead to its collapse.
Still yet to be hammered out are plans to govern Gaza after the war and the ultimate fate of Hamas, which has rejected Israel's demands that it give up its weapons.
The Israeli prime minister called the deal "a diplomatic success and a national and moral victory for the State of Israel".
But far-right members of his coalition have long opposed any deal with Hamas.
One, of them, Finance Minister Bezalel Smotrich, said Hamas must be destroyed once the hostages are returned.
He said he would not vote in favour of a ceasefire deal, but he stopped short of threatening to bring down Mr Netanyahu's coalition government.
Palestinian Authority President Mahmoud Abbas, in a rare interview with an Israeli network, expressed hope that peace would prevail between Palestinians and Israelis.
"What happened today is a historic moment. We have been hoping - and continue to hope - that we can bring an end to the bloodshed taking place in our land, whether in the Gaza Strip, the West Bank, or East Jerusalem," Mr Abbas told Israel's Channel 12.
"Today, we are very happy that the bloodshed has ceased. We hope it remains this way, and that peace, security, and stability will prevail between us and Israel," he added.
The next phase of Mr Trump's plan calls for an international body led by Mr Trump and including former British prime minister Tony Blair to play a role in Gaza's post-war administration.
European and Arab leaders meet to flesh out next phase in Trump Gaza plan
The United States' closest European and Arab partners met in Paris to work out how to shape Gaza's post-war future.
"This is the best chance we have right now," EU foreign policy chief Kaja Kallas told reporters.
He said: "But we need to work for the plan after (the war), so that it would be sustainable, and that's why we are also here."
The Paris meeting aims is looking at how Gaza would be governed, how Mr Trump's Gaza plan would be implemented and assess other countries' collective commitments to the process.
Opening the meeting, French President Emmanuel Macron said the aim was to work side by side with the United States' plan and that the discussions in Paris were complementary to it.
The UN Assembly last month endorsed a declaration outlining steps towards a two-state solution, while also condemning Hamas and urging it to surrender and disarm.
Mr Netanyahu has ruled out endorsing an independent Palestinian state alongside Israel.
Among those attending are Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani, who was one of the mediators of the ceasefire, as well as the Egyptian and Turkish foreign ministers, whose countries played a leading role in convincing Hamas to agree the deal.
US Secretary of State Marco Rubio had been due to attend, but cancelled.
The US in the end did not send a representative, although French officials insisted that coordination with Washington was close.
Watch: People in Khan Younis celebrate the news of the ceasefire agreement
More than 67,000 Palestinians have been killed in Israel's assault on Gaza, launched after Hamas-led militants stormed through Israeli towns on 7 October, 2023, killing 1,200 people and capturing 251 hostages.
In parallel, Israel's military has waged campaigns that have tipped the balance of power in the Middle East in its favour, killing the leaders of Hezbollah in a campaign in Lebanon and top Iranian commanders in a 12-day war against Iran.
But global outrage has mounted against Israel's assault, leaving it internationally isolated. Multiple rights experts, scholars and a UN inquiry say it amounts to genocide. Israel calls its actions self-defence after the 2023 Hamas attack.