Mediators Qatar and the U.S. announced the ceasefire on Wednesday, but the deal hung in limbo for more than a day as Netanyahu insisted there were last-minute snags he blamed on Hamas.
The militants maintained they were “committed” to the deal, while residents of Gaza and families of the hostages anxiously waited to see if it would materialize.
If the Cabinet approves it, the deal will then go to the government for final sign-off. Both bodies are expected to OK the ceasefire, which could start as soon as Sunday, even though it has drawn fierce resistance from Netanyahu's far-right coalition partners.
Netanyahu instructed a special task force to prepare to receive the hostages returning from Gaza, and said that their families were informed a deal had been reached. The prime minister’s office said that if the deal passes, the ceasefire could start Sunday and the first hostages could be freed then too.
Under the deal, 33 of some 100 hostages who remain in Gaza are set to be released over six weeks in exchange for hundreds of Palestinians imprisoned by Israel. Israeli forces will pull back from many areas, hundreds of thousands of Palestinians would be able to return to what's left of their homes, and there would be a surge of humanitarian assistance.
The remainder of the hostages, including male soldiers, are to be released in a second — and much more difficult — phase that will be negotiated during the first.
Hamas has said it will not release the remaining captives without a lasting ceasefire and a full Israeli withdrawal, while Israel has vowed to keep fighting until it dismantles the group and to maintain open-ended security control over the territory.