ERBIL, Kurdistan Region of Iraq - The US-backed Board of Peace late Thursday announced that Hamas has agreed to relinquish its weapons in a major progression of the peace process in Gaza, with Israel set to withdraw from the Palestinian territory upon the group's disarmament.

US President Donald Trump first announced the news on Truth Social, calling it "a HISTORIC agreement" that will be implemented "in carefully structured phases," transferring authority in the Gaza Strip to a new Palestinian police force under the supervision of an international peacekeeping coalition.

The Board of Peace, which was founded in January to oversee a ceasefire between Hamas and Israel following years of bloodshed and what many international genocide scholars termed an Israeli genocide in Gaza, announced that "the agreement concludes months of intensive, good faith negotiations."

"For the first time, Hamas officially has committed to an actionable plan for relinquishing all its weapons, which will be followed by Israeli withdrawal from Gaza," the body said in a statement. "It holds the promise of delivering significant benefits to the people of Gaza, who have waited for too long for a better future, and security to the people of Israel."

The Board also stressed the role of the US, Egypt, Qatar, and Turkey in having mediated the process.

Hamas has yet to issue an official statement on the matter, which would represent an unprecedented shift in the Islamist group's decades-long commitment to armed struggle in the name of Palestinian liberation.

However, AFP quoted Hamas sources as confirming that the militants will hand over their weapons to the National Committee for Administration of Gaza (NCAG), a technocratic body established under the terms of Trump's peace plan that is set to manage the Gaza Strip's transition to civilian authority.

Ghazi Hamad, a member of the group's negotiating team, was quoted by AFP as saying that Hamas agreed to "concessions for the sake of our people in the Gaza Strip, to save them from killing and displacement."

The Board of Peace also stressed the role of the International Stabilization Force (ISF) in overseeing the transition, with Morocco, Indonesia, Albania, Kazakhstan, and Kosovo having all committed to deploying troops to the force.

Despite the ceasefire agreement having been reached in October 2025, intermittent Israeli strikes in Gaza have continued unabated, with over 73,000 Palestinians having been killed in Gaza since Hamas' surprise attacks on Israel in October 2023, including over 1,200 killed since the truce took effect.

Egypt's state-linked Al-Qahera News reported on Friday that negotiators are expected to convene in Cairo soon to discuss the implementation of the peace plan's next phase.

Israel has yet to issue a public statement on the agreement.