Egypt’s peace proposal for Hamas to give up power in the Gaza Strip in exchange for a permanent end of hostilities in the region has been met with a cool reception from both sides.

A senior Egyptian official and a European diplomat familiar with the proposal told The Associated Press that the plan would call for a phased release of the remaining Israeli hostages in Gaza and the creation of a Palestinian government of experts to oversee Gaza and the West Bank.

The Egyptian official said Egypt worked on the details of the plan with Qatar and presented it to Israel, Hamas, the United States and multiple European countries.

But Israel and Hamas both did not seem enthusiastic to accept the plan, although neither directly rejected it entirely.

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