US President Joe Biden has unveiled a new proposal put forward by Israel to end the war in Gaza and secure the release of hostages. “We can’t lose this moment,” Biden said at the White House on Friday. “Indefinite war in pursuit of an unidentified notion of total victory … will only bog down Israel in Gaza, draining military, economic and human resources and further Israel’s isolation in the world,” the US president said. “That will not bring hostages home. That will not bring an enduring defeat of Hamas. That will not bring Israel lasting security.” Biden said the new plan envisaged three p…