The Israeli government ratified the deal on Thursday, after which a ceasefire came into effect on Friday.
Phase one of the deal will see all remaining hostages returned from Gaza, a number of Palestinian prisoners released from Israeli jails and the partial withdrawal of the Israel Defense Forces inside the strip.
Trump said the agreement represented “the first steps toward a Strong, Durable, and Everlasting Peace.”
Intense and deadly Israeli attacks on Gaza City — the largest urban area in the Gaza Strip — and elsewhere in the devastated Palestinian territory continued into Thursday.