Hamas and Israel have reportedly agreed to a hostage deal.
A ceasefire has been reached between Israel and Hamas, with the Qatari prime minister announcing the deal Wednesday afternoon.
Meanwhile, the November ceasefire in Lebanon is holding despite ongoing Israeli airstrikes on Hezbollah targets, which Israeli officials say are responses to ceasefire violations by the Iranian-backed militant group. Israeli forces also remain active inside the Syrian border region as victorious rebels there build a transitional government.
Tensions remain high between Israel and Iran after tit-for-tat long-range strikes in recent months and threats of further military action from both sides. The IDF and the Yemeni Houthis also continue to exchange attacks.
Twelve people were killed and at least 20 people were injured after bombings in Gaza City within the past hour, Gaza's Civil Defense said.
The attacks were reported after the announcement of a hostage and ceasefire deal, the first phase of which isn't set to go into effect until Sunday.
-ABC News' Sami Zyara
President Joe Biden released a statement saying Hamas and Israel had agreed to a deal, "after many months of intensive diplomacy," by the United States, Egypt and Qatar.
"I laid out the precise contours of this plan on May 31, 2024, after which it was endorsed unanimously by the UN Security Council," Biden said in the statement. "It is the result not only of the extreme pressure that Hamas has been under and the changed regional equation after a ceasefire in Lebanon and weakening of Iran — but also of dogged and painstaking American diplomacy. My diplomacy never ceased in their efforts to get this done."
Biden also highlighted the three living American hostages who are still being held, and the four remains of American hostages yet to be returned.
While a ceasefire agreement has been reached between Hamas and Israeli negotiators, the Israeli government still needs to approve the deal.
The deal is expected to be approved, but it will take several votes.
Israeli Prime Minister Benjamin Netanyahu has said in a statement that the snag about control of the Philadelphia axis -- the strip of land between Gaza and Egypt -- has been worked out.
However, his office said they are still working out several unresolved issues.
"In light of Prime Minister Netanyahu's firm stance, Hamas has backed down on its demand at the last minute to change the deployment of forces on the Philadelphia axis," the prime minister's office said in a statement. "However, there are still several unresolved clauses in the outline, and we hope that the details will be finalized tonight."
