CAIRO — Israel and Hamas appear closer than they have been in months to agreeing to a ceasefire that could wind down the 14-month war in Gaza and bring home dozens of people held hostage there. But the sides have come close before, only to have talks collapse over various disagreements . This round of negotiations also faces hurdles.

U.S. and Arab mediators are working around the clock to hammer out a ceasefire deal between Israel and Hamas, sources close to the talks said, while in the Gaza Strip medics said Israeli strikes had killed 44 Palestinians on Thursday.

Despite optimistic public statements, a Gaza hostage and ceasefire deal is not imminent, three Israeli officials tell Axios. Why it matters: The U.S., Israel and the Egyptian and Qatari mediators are trying to reach a deal before President-elect Trump's inauguration on Jan.