• US President Donald Trump declares a ceasefire in Gaza, marking a turning point for peace in the Middle East.
• Over 20 world leaders signed a declaration in Egypt, committing to a comprehensive peace framework.
• Hamas released 20 Israeli hostages in exchange for Israel freeing 1,968 Palestinians.
• Egyptian President Abdel Fattah el-Sissi calls the US proposal the "last chance" for peace.
• Trump addresses the Knesset, praising Prime Minister Netanyahu and suggesting a pardon amid ongoing legal troubles.

US President Donald Trump characterized the signing of a ceasefire in Gaza as a "tremendous day for the Middle East," declaring that a historic agreement was reached in the resort of Sharm el-Sheikh, involving numerous world leaders who pledged their commitment to peace.South China Morning Post, Jakarta Post.

During the summit, Trump emphasized the significance of the moment, stating, "At long last, we have peace in the Middle East," as he facilitated the signing of a declaration to cement the ceasefire and establish rules for future governance and reconstruction of Gaza.IndiaTimes, Le Monde.

The deal, which saw Hamas release the last 20 Israeli hostages and Israel free 1,968 Palestinian prisoners, signals both hope and uncertainty for the region. Major international figures, including President el-Sissi of Egypt and leaders from Qatar and Turkey, attended the summit and voiced their support for a two-state solution.India.com, Al Jazeera.

Trump, addressing the Knesset prior to the summit, praised Israeli Prime Minister Benjamin Netanyahu, voicing support amidst ongoing allegations of corruption against him. Trump suggested that Netanyahu should be pardoned, stating, "Cigars and champagne—who the hell cares about that?" This remark was met with approval from Israeli lawmakers.India Times, Africa News.

Despite the optimistic atmosphere, challenges loom as questions about the future governance of Gaza arise. Trump outlined a framework that includes a potential Palestinian state but only after significant reform. The true test will be whether Hamas, which maintains influence in Gaza, will disarm as per ongoing negotiations.TRT Global, Reuters.

Furthermore, diverse reactions from global leaders highlighted the cautious optimism around the ceasefire. While some expressed hopes for lasting peace, others emphasized the need for continuous monitoring of the situation, especially with regards to Israel's commitment to a two-state solution and potential regional security concerns.Los Angeles Times, Al Jazeera.