Fighters from the Qassam Brigades, the military wing of Hamas, control the crowd while Red Cross vehicles come to collect Israeli hostages to be released under a ceasefire agreement between Israel and Hamas, in Gaza City, Jan. 19, 2025. (AP Photo/Abed Hajjar, File)

If successful, the cease-fire deal would cap over a year of stop-start talks and lead to the biggest release of Israeli hostages since the early days of the conflict, when Hamas freed about half of its prisoners in exchange for 240 Palestinian detainees held by Israel.

The complex accord emerged Wednesday after months of mediation by Qatar, Egypt & the US. Israeli bombardment, especially in Gaza City, killed 32 people hours later, medics say.

Rockets fired from Gaza and intercepted by Israel's Iron Dome anti-missile system over Israeli skies are seen from Gaza City, on May 13, 2023. (AP Photo/Fatima Shbair, File) By the end of January, about 1 million taxpayers will receive special payments of up to $1,400 from the IRS.

The deal promises the release of dozens of hostages and hundreds of Palestinian prisoners and would flood badly needed humanitarian aid into a devastated territory.

Armed and uniformed Hamas militants parade through the streets in an apparent show of strength.

The Israel-Hamas ceasefire appears to be holding as many Palestinians venture to where their homes once stood to dig in the rubble. CBS News' Elizabeth Palmer reports.