“Together we can bring a new dawn in the Middle East,” Trump said as he urged the Palestinians to accept his deal and bring peace in the region.

Calling it a “historic opportunity” for the Palestinians to achieve an independent state, Trump said he has written to Palestinian President Mahmud Abbas in this regard.

No Palestinian official was present at the launch. The ambassadors from three Arab nations — Oman, the United Arab Emirates and Bahrain — were at the White House.

Palestinians have already rejected the leaked proposals. Thousands of Palestinians protested in the Gaza Strip earlier on Tuesday.

The plan, Trump said, calls for a four-year freeze in Israeli settlement activity, doubling of Palestinian territory.

Asserting that his peace plan will more than double the size of Palestinian territory, Trump said that Palestinian people “deserve a far better life” than being trapped in a cycle of terrorism and violence.”

Lamenting “the amount of needless bloodshed and squandered opportunity” in the Middle East, Trump said it’s time for this sad chapter in history to end quickly and end now.

Netanyahu hailed Trump’s plan as ‘historic day’ for Israel. He compared Trump’s Plan with the day to May 14, 1948, when the then President Harry Truman became the first world leader to recognise the State of Israel.

The plan, he said, will strike the “right balance” where other plans have failed.

Netanyahu said that he is now willing to negotiate peace with the Palestinians “on the basis” of the US peace.