Israel and Hamas have reached a ceasefire and hostage release agreement to halt more than a year of fighting in the Gaza Strip, President Biden and Qatar's prime minister announced separately on Wednesday.

Their dealmaking cooperation represents an unusual moment in the polarized world of U.S. politics. But it did not stop both Trump and Biden from touting their respective roles.

According to a draft viewed by the Wall Street Journal, Hamas accepted verbal guarantees from the U.S., Qatar, Egypt, and Turkey that Israel would continue negotiations for a permanent ceasefire. This story is developing and will be updated.