Netanyahu said in a statement that “Israel’s conditions for ending the war have not changed: the destruction of Hamas’ military and governing capabilities, the freeing of all hostages and ensuring that Gaza no longer poses a threat to Israel. Under the proposal, Israel will continue to insist these conditions are met before a permanent cease-fire is put in place."

“The notion that Israel will agree to a permanent ceasefire before these conditions are fulfilled is a non-starter,” he added.

Growing Pressure 

Netanyahu faced growing pressure Saturday after Joe Biden announced an "Israeli" proposed agreement to end the war onGaza, with many Israelis urging Benjamin Netanyahu to embrace the deal but far-right allies threatening to collapse his government if he does.

A huge demonstration in Israel on Saturday night, led by families of captives, urged the government to act now. Mediators the U.S., Egypt and Qatar pressed Israel and Hamas, saying the proposed deal “offers a road map for a permanent cease-fire and ending the crisis” and gives immediate relief to both captives and Gaza residents.

But far-right Finance Minister Bezalel Smotrich and Minister of National Security Itamar Ben Gvir said they would break up the government if it takes the deal. That could expose Netanyahu to new elections, scrutiny over security failures that led to the war and — if he loses the prime minister post — prosecution on longstanding corruption charges.

Israel's opposition leader Yair Lapid urged Netanyahu to accept the truce proposal.

"The government of Israel cannot ignore President Biden's consequential speech. There is a deal on the table, and it should made," Lapid wrote on X.

Israeli President Isaac Herzog thanked the US President for his speech on Friday, noting that he informed Netanyahu that he would give him “full support” for the deal.

Former Israeli Foreign Minister Tzipi Livni said that Biden's proposal is not ideal, but it is the best among the options presented.

Biden on Friday said that Hamas resistance movement's fighters are “no longer capable” of carrying out a large-scale attack on Israel like the one on Oct. 7.

He urged Israel and Hamas to reach an agreement to release about 100 remaining captives, along with the bodies of around 30 more, for an extended cease-fire.

Deal breakdown

The first phase of the deal described by Biden would last for six weeks, and include a “full and complete cease-fire,” a withdrawal of Israeli occupation forces from all densely populated areas of Gaza, and the release of a number of captives, including women, older people and the wounded, in exchange for the release of hundreds of Palestinian detainees in Israeli custody.

The second phase would include the release of all remaining living captives, including male soldiers, and the withdrawal of Israeli forces from Gaza.

The third phase calls for the start of a major reconstruction of Gaza, which faces decades of rebuilding from the war's devastation.

The United Nations Development Programme has said that rebuilding Gaza will cost an estimated $30 billion to $40 billion and require an effort on a scale unseen since World War II.

Biden acknowledged that keeping the proposal on track would be difficult, with “details to negotiate” to move from the first phase to the second. Biden said if Hamas fails to fulfil its commitment under the deal, Israel can resume military operations.

Hamas has said it viewed the proposal “positively” and called on Israel to declare an explicit commitment to an agreement that includes a permanent cease-fire, a complete withdrawal of Israeli troops from Gaza, a prisoner exchange and other conditions.

In May, Egypt and other mediators scrambled to contain the Israeli ground operation in Rafah.

Speaking hours after Hamas informed the Egyptian and Qatari mediators of its acceptance of the last version of a truce deal, Netanyahu said that he could not work with the 5 May draft.

Sources close to the negotiations said Netanyahu was bluffing. “There are not that many discrepancies. Netanyahu knows this, but he has to pretend to be tough to the last minute. It’s all for internal consumption,” said one.