In this image made from Egyptian State Television, U.S. Secretary of State Hillary Rodham Clinton and Egyptian Foreign Minister Mohammed Kamel Amr give a joint news conference announcing a cease-fire between Israel and Hamas in Cairo, Egypt.
Egypt has announced a cease-fire agreement to end a week of fighting between Israel and Hamas militants in the Gaza Strip.
Foreign Minister Mohammed Kamel Amr said the truce would take effect at 9 p.m. local time (2 p.m. EDT.) He made the announcement alongside visiting U.S. Secretary of State Hillary Rodham Clinton.
In Jerusalem, Israeli Prime Minister Benjamin Netanyahu confirmed the deal, saying he had agreed after consulting with President Barack Obama.
The White House said that President Obama praised Netanyahu for agreeing to the Egyptian cease-fire plan "while reiterating that Israel maintains the right to defend itself."
The deal is to end a week of fighting that has killed more than 140 Palestinians and five Israelis.
The announcement comes hours after a bomb exploded aboard an Israeli bus near the nation's military headquarters in Tel Aviv on Wednesday, wounding 27 people.
Palestinian officials say more than 140 people have been killed, and 1,000 wounded -- most of them civilians, and many children among them.
Israeli aircraft pounded Gaza with at least 30 strikes overnight, hitting government ministries, smuggling tunnels, a banker's empty villa and a Hamas-linked media office. And it took Israel less than two hours to respond to the bus bombing with a fresh round of air strikes on the tiny Palestinian territory. As night fell in the Middle East, D'Agata says at least 30 shells from an Israeli warship pounded the city.
One blast the night before blew out the windows of the hotel room where CBS News correspondent Charlie D'Agata was staying in Gaza.
Militant rocket fire into Israel has killed five Israelis.