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All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper. * Facebook * Twitter * Instagram * RSS * Email Israel HAMAS WAIVES ‘TOTALLY OFF BASE’ DEMAND FOR MONTHSLONG CEASE-FIRE IN ISRAELI HOSTAGE NEGOTIATION: REPORT HAMAS IS NOW DEMANDING 120 PALESTINIAN PRISONERS IN EXCHANGE FOR 40 ISRAELI HOSTAGES By Anders Hagstrom Fox News Published January 2, 2024 9:07am EST * Facebook * Twitter * Flipboard * Comments * Print * Email close ISRAEL TAKES OUT TERRORIST WHO LED OCT. 7 KIBBUTZ MASSACRE Fox News' Trey Yingst on the latest from the war in Israel as fighting continues with no end in sight Hamas has waived its demands for multiple monthslong cease-fires in its hostage negotiations with Israel after Israeli officials dismissed the request as "totally off base" on Tuesday. Hamas negotiators had demanded multiple cease-fires culminating in the full withdrawal of Israeli forces from Gaza in exchange for the remaining Israeli hostages, according to the Jerusalem Post. Now, the terrorist organization is saying it is open to an exchange of 120 Palestinian prisoners held in Israel for 40 of the hostages. "The five-way talks between Egypt, Qatar, the United States, Israel and Hamas are ongoing, but so far no agreement has been reached," a source close to the negotiations told the Arab World News Agency. The source said Hamas had also demanded a one-day cease-fire in exchange for each hostage being released, an offer Israel also reportedly refused. USS GERALD R. FORD AIRCRAFT CARRIER HEADS HOME AFTER STANDING GUARD NEAR ISRAEL FOLLOWING OCT. 7 ATTACK Hamas has waived its demands for multiple monthslong cease-fires in its hostage negotiations with Israel after Israeli officials dismissed the request as "totally off base" on Tuesday. (Jennifer Mitchell for Fox News Digital) "The proposal we received from Hamas on Sunday was totally off base, and we asked the mediators to try and produce a more acceptable proposal. They are working on it and let's see what happens," an Israeli official told Axios. The negotiations come after Israel announced a partial withdrawal of troops from Gaza. Military officials said the war had entered a new phase requiring more targeted strikes on Hamas militants and fewer mass air strikes and artillery barrages. That change of pace is in line with requests from President Biden's administration and Israel's other Western allies, who had repeatedly sounded alarms about civilian casualties in Gaza. IDF CONFIRMS DEATH OF HAMAS LEADER INVOLVED IN OCT. 7 ATTACK The renewed hostage negotiations come after Israel announced a partial withdrawal of troops from Gaza. Military officials said the war had entered a new phase requiring more targeted strikes on Hamas militants and fewer mass air strikes and artillery barrages. (AP/Ohad Zwigenberg) Israeli officials believe there are roughly 133 hostages remaining in Gaza, though the U.S. has cautioned that there is no way to be sure how many of them are still alive. SOME ISRAELIS ALLOWED TO RETURN TO BORDER COMMUNITIES NEAR GAZA STRIP, MILITARY SAYS Israeli officials believe there are roughly 133 hostages remaining in Gaza, though the U.S. has cautioned that there is no way to be sure how many of them are still alive. (IDF) CLICK HERE TO GET THE FOX NEWS APP Israeli Prime Minister Benjamin Netanyahu has made it clear that he expects the war to continue for "many more months" despite the change in strategy this week. Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders. 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