Israel, Hamas Agree to Ceasefire and Hostage Exchange

U.S. officials announced a tentative ceasefire agreement between Israel and Hamas, aimed at ending a brutal 15-month conflict that has claimed tens of thousands of lives in Gaza. The deal includes a six-week initial ceasefire, the gradual withdrawal of Israeli forces, and a prisoner exchange involving the release of Palestinian prisoners in exchange for hostages held by Hamas. Reactions to the news are mixed; while some investors see a positive impact on global markets, concerns remain about the potential for renewed tensions in the region. Reports indicate that an official announcement of the ceasefire and details of the prisoner exchange could come as soon as tonight, with implementation expected to start soon. The agreement's timing is reportedly linked to the inauguration of President-elect Donald Trump, who has expressed expectations for swift action. Mediators are optimistic about the deal, citing progress in ongoing negotiations.