Egypt’s foreign minister said his country is working on a new Gaza deal that includes a 60-day ceasefire in exchange for the release of some Israeli hostages and the rapid entry of humanitarian aid into the besieged enclave, Anadolu Agency reports.

“We’re working toward a durable solution and a permanent ceasefire,” Badr Abdelatty said in an interview with the local OnTV outlet.

He said the proposal is a joint effort by Egypt, Qatar and the US and represents “a first step” toward a sustainable ceasefire.

“What’s on the table now is a 60-day truce in exchange for the release of a number of Israeli hostages and the swift delivery of aid to Gaza, including medical supplies,” he said, adding the move “would create momentum to move toward a lasting ceasefire.”

Abdelatty said the proposed agreement is “only a first step,” stressing the need for the deal to lead to a second phase involving a permanent cessation of hostilities.

“There is an American vision and understanding of the importance of including guarantees in any upcoming agreement to ensure the sustainability of a ceasefire,” he said.

“A resumption of (Israeli) aggression would pose a major threat to regional stability,” the foreign minister warned.