European and Middle Eastern leaders have welcomed a US peace plan for Gaza, as President Donald Trump warned Hamas to accept it.

The plan, agreed by Trump and Israeli Prime Minister Benjamin Netanyahu, proposes an immediate end to fighting, the release within 72 hours of 20 living Israeli hostages held by Hamas as well as the remains of the more than two dozen hostages who are believed to be dead – in exchange for hundreds of detained Gazans.

Hamas officials have been given the 20-point plan, a Palestinian source told the BBC.

The plan also says Hamas will have no role in governing Gaza, and leaves the door open for an eventual Palestinian state – but Netanyahu later again ruled this out.

Speaking at Monday’s news conference at the White House, Trump called the plan “a historic day for peace”.

But he said Netanyahu would have US backing to “finish the job of destroying the threat of Hamas” if Hamas did not agree to the plan.

Netanyahu then said Israel “will finish the job” if Hamas rejected the plan or did not not follow through.