Israel and fighters in the Hamas-controlled Gaza Strip will "hold fire" beginning at 2 p.m. ET, Egyptian Foreign Minister Mohamed Kamel Amr announced at a joint news conference this afternoon with Secretary of State Hillary Rodham Clinton.
Egypt has been trying to broker a truce in the week-old exchange of rockets and air strikes between Israel and militants in Gaza.
We'll have more on the agreement, which was announced at 12:35 p.m. ET., shortly.
Update at 12:45 p.m. ET. Obama Said U.S. Would Use Cease-fire Period To Help Israel "Address Its Security Needs":
During a telephone conversation earlier today with Israeli Prime Minster Benjamin Netanyahu, President Obama "said that the United States would use the opportunity offered by a cease-fire to intensify efforts to help Israel address its security needs, especially the issue of the smuggling of weapons and explosives into Gaza," the White House says in a statement just emailed to reporters.
Update at 12:40 p.m. ET. Clinton Cites Need For "Just And Lasting Peace":
In her comments, the secretary of state said "there is no substitute for a just and lasting peace. ... Now that there is a cease-fire, I am looking forward to working with the foreign minister and others to move this process."
Our original post and earlier updates. "Bomb Rips Through Bus In Tel Aviv; Israel Continues Strikes On Gaza":
We're posting on the latest news from Israel and the Gaza Strip, and about efforts to bring about a cease-fire or truce. There's been an explosion on a bus today in Tel Aviv and Israel continues to hit targets in and around Gaza City. Meanwhile, efforts to broker a truce or cease-fire continue:
Update at 12:10 p.m. ET. Renewed Talk Of A Truce:
Reuters reports that "Israel and the Islamist militant group Hamas agreed on Wednesday to a Gaza cease-fire deal, said a Palestinian official with knowledge of Egyptian mediation between the two sides."
Correspondent Barack Ravid from the Israeli newspaper Haaretz tweets that "Israel official: SecState Clinton will announce 20:00 in Cairo on cease fire in Gaza." That would be 1 p.m. ET. Al-Jazeera says the announcement will come from Egyptian officials.
As we wrote earlier, "it's important to bear in mind that each day we seem to get reports of truce or cease-fire deals being discussed, only to be followed by reports of rockets being fired from Gaza and Israeli air strikes in response."
Update at noon ET. Israeli Official Says Most Of Those Killed In Gaza "Deserved It":
On WNYC's The Takeaway today, Israeli Deputy Foreign Minister Danny Ayalon said that "if you compare the situation in Gaza, let's say, to the situation in Syria today, where the Assad regime just mercilessly butchers people and children, there is a big difference. I would say that most of the people that were hit in Gaza deserved it, as they were just armed terrorists."