Israel Agrees to Truce

    Smoke billows after Israeli air strikes near smuggling tunnels between the southern Gaza Strip and Egypt, on November 21, 2012 in Rafah. Fighting raged on both sides of Gaza's borders Wednesday despite intensified efforts across the region to thrash out a truce to end a week of violence that has cost 136 Palestinian and five Israeli lives. AFP PHOTO/ SAID KHATIB        (Photo credit should read SAID KHATIB/AFP/Getty Images)

    Said Khatib, AFP / Getty Images

    Israel has agreed to a ceasefire with Hamas, U.S. Secretary of State Hillary Clinton and Egyptian President Mohamed Morsi announced on Wednesday. The ceasefire will take effect at 9 p.m. Cairo time, 1900 GMT. Both sides agreed in principal for a truce, but there was no agreement on the key demands—leading to a second phase of talks that will address the issues that Clinton will be involved in. “There is no substitute for a just and lasting peace,” Clinton said. Israeli sources told Reuters that although the country agreed to a truce, it would not lift the blockade. In the eight days of fighting, more than 140 Palestinians and five Israelis have died.

    Read it at Reuters