(Reuters) -Mediator Qatar has handed Israel and Hamas a "final" draft of a ceasefire and hostage release agreement designed to end the war in Gaza, an official briefed on the negotiations told Reuters on Monday.

The deal, mediated by the United States, offered a glimmer of hope in a conflict that has taken an immense human toll.

Meanwhile, President Joe Biden says, "My diplomacy never ceased in their efforts to get this done," following the news

After intense negotiations, Israel and Hamas have reached a deal that would see a ceasefire and the exchange of hostages in Gaza for Palestinian prisoners.

Israeli Prime Minister Benjamin Netanyahu accused Hamas of “reneging” on parts of the deal, under which Israel would withdraw from some areas of Gaza and obtain the return of hostages.

The complex ceasefire accord between Israel and militant group Hamas, which controls Gaza, emerged on Wednesday after months of mediation by Qatar, Egypt and the U.S. and 15 months of bloodshed that devastated the coastal territory and inflamed the Middle East.

After months of on-off negotiations conducted by Egyptian and Qatari mediators, there is hope that the remaining details of the ceasefire deal will be resolved within hours and could go into effect on Jan.

Israel and Hamas agreed to a ceasefire and hostage release deal on Jan. 15, following more than 15 months of devastating war.