US President Joe Biden (Photo: Reuters)

Biden said Hamas is "no longer capable" of carrying out another large-scale attack on Israel as he presented a "a road map to an enduring ceasefire" in the White House.

The ceasefire deal, proposed by Israel to Hamas, consists of three phases and could bring about an end to the devastating eight-month conflict in the Gaza Strip.

"This is truly a decisive moment. Israel has made their proposal. Hamas says it wants a cease fire. This deal is an opportunity to prove whether they really mean it. Hamas needs to take the deal," said Biden in the White House.

Biden said the first phase of the proposed deal would last for six weeks and would include a "full and complete ceasefire", a withdrawal of Israeli forces from all populated areas of Gaza and the release of a number of hostages, including women, the elderly and the wounded, in exchange for the release of hundreds of Palestinian prisoners.

The second phase would include the release of all remaining living hostages, including male soldiers, and Israeli forces would withdraw from Gaza.

And the third phase calls for the start of a major reconstruction of Gaza, which faces decades of rebuilding from the devastation caused by the war.

Hamas released a statement reacting positively to the deal, saying it was ready to engage "in a constructive manner" with any proposal based on a permanent end to the fighting.

EU Commission president Ursula von der Leyen said she "wholeheartedly" agreed with the proposal, calling it "balanced and realistic".