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There are many reasons why it might not work.
At the same time, it is potentially a rare chink of light in a bleak picture. Hamas has never agreed to disarm before now. Handled carefully and well, there is a chance now to make diplomatic progress.
A bargain lies at the heart of the new proposition for Hamas to disarm in Gaza.
The idea is that as Hamas hands over its weapons, Israel pulls out of the 70% of Gaza that it occupies.
That may sound simple, but the realities of politics, war, zero trust, the deaths of thousands and the destruction of Gaza make the process very complicated.
Life in Gaza is catastrophic for well over 2 million Palestinian civilians who are living in desperate conditions.
For most, Israel has destroyed their homes and their livelihoods. Israel killed more than 70,000 Palestinians during the war, and more than 1,000 more since the ceasefire, according to the Hamas-run health ministry whose figures are seen as reliable by the UN. Unicef says that Israel has killed more than 20,000 children since 7 October 2023, with at least 1,000 babies among the dead and wounded.
Much of Gaza is rubble. It is not just the damage caused by Israel Defense Forces (IDF) military operations. There has also been an organised, officially sponsored project to destroy communities and smash infrastructure. Civilian demolition contractors from Israel have been contracted to finish the job started by IDF bombs.
Many Palestinians believe Israel wants to force them out, by making life so insupportable and appalling that they will leave if they get the chance. Leaders and senior officials inside Jordan and Egypt also believe that powerful individuals in the Israeli government are working to create the conditions for the ethnic cleansing of Palestinians, most likely across their borders.
On the Israeli side, there is a strong sense in the Jewish majority of 80% or so that Hamas will remain a potentially deadly threat until it is totally disarmed and stripped of any vestige of power.
On 7 October 2023 Hamas and other Palestinians attacked Israel, killing almost 1,200 people, around two thirds of whom were civilians including children, and taking 251 people into Gaza as hostages. Many Israelis believe Hamas would do that again if it had the chance.
The diplomatic process that produced the agreement with Hamas does not operate in a bubble. Making the plan work depends on broader issues too.
Israel has a general election at the end of October. Prime Minister Benjamin Netanyahu is behind in the polls and fighting not just for his political life and legacy but potentially for his liberty. While he remains in office, his long running trial on corruption charges that could carry a jail sentence has been slowed to a crawl. That would change if he lost power.
Netanyahu faces pressure at home and abroad. Domestically he does not want his political opponents to be able to accuse him of being soft on Hamas. Internationally the only address that matters to him is in Washington DC.
The US also has elections looming with midterms in November. President Donald Trump cannot a win in the war on Iran, so he needs one in Gaza. If Trump's Republican party loses badly, the power he relishes using will drain away. Trump will blame Netanyahu if he decides he is preventing the victory he wants and needs.
One of Netanyahu's boasts to Israel's electorate is that he can handle the Americans, including Trump, better than any of his rivals. A Trump tirade before election day in Israel scuppers that proposition.
Netanyahu is an expert at playing for time when faced with a big challenge. He will try to juggle pressure at home and pressure from the Oval Office until election day.

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