Recap of today's events
Hamas released an initial 24 hostages who have been held in Gaza for 48 days as part of a four-day truce, while Israel freed 39 Palestinian prisoners held in Ofer military facility on the West Bank.
Those released by the militant group included 13 Israelis - the youngest just two years old - who were handed over to the Red Cross and transported to hospitals in Israel for medical assessment. A further 12 Thai nationals were also freed as part of the deal brokered by Qatar.
Among those released from Gaza was 76-year-old Hannah Katzir, who Palestinian Islamic Jihad had previously said had been killed.
Huge crowds of Palestinians gathered on the West Bank to welcome the freed prisoners - some of whom have been locked up for years - with Hamas flags flown.
The militant group has agreed to release a total of 50 hostages, while Israel is set to free 150 Palestinians from a list of 300 over the ceasefire period.
Senior adviser to Israel's PM Mark Regev said of the deal tonight: "The ball is in Hamas' court. We are ready to renew the military operation at the end of four days but if Hamas wants the extension of the humanitarian pause - they know exactly what they need to do."
US President Joe Biden said the truce deal was reached through “extensive US diplomacy”, including “numerous calls” he said he made to leaders across the region.
He reiterated his sympathy for the Israeli and Palestinian people caught up in the conflict but hammered home his oppostion to Hamas, adding: “I don’t trust Hamas to do anything right. I only trust Hamas to respond to pressure.”
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