President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have agreed to bring the war in Gaza to a close within two weeks, according to a report by Israel Hayom, which cited "a source familiar with the conversation," reports the Times of Israel.

The two leaders reportedly discussed the plan during a phone call earlier this week, following the US strike on Iran.

According to the report, the deal would involve exiling Hamas leadership, releasing hostages, and installing a joint Arab administration—comprised of Egypt, the UAE, and two other unnamed countries—to govern the Gaza Strip in place of Hamas.

The report also states that US Secretary of State Marco Rubio and Israeli Strategic Affairs Minister Ron Dermer were present for the call, which was described as “euphoric.” The agreement includes provisions for Gazans who wish to emigrate to be accepted by third countries, which have not been publicly identified.

The framework also envisions a significant expansion of the Abraham Accords. Under the deal, Saudi Arabia and Syria would normalize relations with Israel, with additional Arab and Muslim countries expected to follow.

In return, Israel would formally back a future two-state solution—though only if the Palestinian Authority undergoes substantial reforms. In a major concession, the United States would recognize Israeli sovereignty over certain parts of the West Bank.

However, Arab nations have reportedly insisted that any role in postwar Gaza is contingent on Israeli acceptance of a Palestinian Authority presence, which Netanyahu has firmly rejected. Hamas leaders have similarly refused exile.