Israel’s Foreign Minister Gideon Saar attends a press conference with the Danish Foreign Minister (not pictured) in Jerusalem, Sept. 7, 2025. Photo: Ritzau Scanpix/Ida Marie Odgaard/via REUTERS

Israel has accepted a Gaza ceasefire proposal from US President Donald Trump, Israel‘s Foreign Minister Gideon Saar said on Monday.

Speaking at a press conference with his Hungarian counterpart in Budapest, Saar said that Israel was ready to accept a full deal ending the war that would include the release of hostages and Hamas laying down its arms.

According to a senior Israeli official, the latest US proposal calls for Hamas to return all 48 remaining living and dead hostages on the first day of a ceasefire, during which negotiations would be held to end the war.

Hamas said it was studying the latest US ceasefire proposal, delivered on Sunday with a warning from President Donald Trump that it was the Islamist terror group’s “last chance.”

The war began with an assault by Hamas-led fighters on southern Israel in October 2023. The attackers killed 1,200 people and took more than 250 hostages to Gaza. Most of the hostages were released in ceasefires in November 2023 and January-March 2025, but the Palestinian terrorist group has kept others as a bargaining chip.

Israel responded with a military campaign aimed at freeing the hostages and dismantling Hamas’s military capabilities and political rule in Gaza.