President Joe Biden hailed the Israel-Hamas ceasefire as a breakthrough for Middle East peace, emphasizing its potential to bring stability and pave the way for Palestinian statehood. The agreement has led to the safe return of Israeli hostages and reduced regional tensions. Biden credited U.S. diplomacy for the achievement, highlighting international support, including UN backing. As negotiations continue, Biden stressed the need for lasting peace, ensuring Hamas remains weakened while advancing security for all parties.