Israel and Hamas have taken a crucial first step toward ending the devastating two-year war in Gaza, releasing hostages and prisoners under a US-brokered ceasefire. The exchange brought immense relief and celebration across Israel and Gaza, even as both sides remain wary. Yet, the deeper challenges - Hamas’s refusal to disarm, Israel’s reluctance to accept a Palestinian state, and questions over Gaza’s future governance - still threaten the deal’s stability. For many, the sight of freed hostages reuniting with loved ones offered a rare moment of shared humanity amid years of grief. In Gaza, war-worn families welcomed returning prisoners but faced the grim reality of shattered homes and a crippled economy. As Donald Trump signed a declaration for peace, witnessed by twenty world leaders (see ), both Israelis and Palestinians have to grapple with the cost of vengeance and the fragile hope of renewal. The region stands at a crossroads between restoration and relapse into conflict.