US President Joe Biden stated that a ceasefire agreement in the Gaza Strip would be "possible" before the end of his presidency.

"Yes. It's still possible," Biden said in comments broadcast Sunday, when asked if he believed a truce could be secured with five months left in his term.

Biden spoke in his first CBS interview since announcing his decision to withdraw from the presidential race late last month against Republican nominee and former US President Donald Trump over concerns about the future of American democracy.

"The plan that I drew up, approved by the G7, approved by the UN Security Council, etc., is still applicable. And I'm working literally every day - and my whole team - to make sure it doesn't escalate into a regional war. But it can easily be done," Biden said in the interview.

Biden said on May 31 that Israel presented a three-phase deal that would end hostilities in Gaza and secure the release of hostages in the besieged enclave. The plan includes a ceasefire, a hostage exchange and the reconstruction of Gaza.

For months, Egypt, Qatar and the US have led indirect negotiations between Israel and Hamas, but no agreement has been reached as Tel Aviv has refused to meet the Palestinian group's demands to end the war. /AA