"Today is a historic day for peace", says Trump, APA reports citing BBC.
He says he and the Israeli PM just concluded a meeting – most importantly, he says, they spoke about ending the war in Gaza.
Trump says they are formally releasing the 21-principle peace plan, “which people have really liked I must say”.
There has been input to the plan from many nations, Trump says.
Trump thanks the "leaders of the Arab and Muslim nations for their support" in developing the proposal along with many allies in Europe.
Trump thanks Netanyahu for "agreeing to the plan".
He adds that he has had meetings with "so many countries" to discuss the proposal, including leaders of Saudi Arabia, Qatar and the UAE. He says they have been "very much involved".
Trump continues to mention world leaders from the region he has spoken with about bringing peace to the Middle East, including Egypt, Pakistan and Jordan.
He says if accepted by Hamas, this plan calls for the release of all hostages being held.
Trump says the bodies of hostages who have died will be returned immediately, if the peace plan is agreed to. He says it will also mean "the immediate end to the war itself".
Arab and Muslim countries have committed to "de-militarise Gaza" quickly, as part of the plan.
As part of the plan, Trump says Hamas tunnels and production facilities would be destroyed.
It would also involve training local police forces, and the Israel Defense Forces (IDF) would withdraw from Gaza in phases.
The threat of Hamas will be "destroyed," he says and Netanyahu would have Trump's full backing to "do what he has to do".