After eight days of conflict between Israel and Hamas, a ceasefire agreement has been reached that would become effective on Wednesday evening.

The Egyptian foreign minister Mohammed Kamel Amr made the announcement alongside Secretary of State Hillary Clinton, who was sent by the Obama administration in effort to help defuse the situation.

Clinton said, "Egypt is assuming the responsibility and leadership that has long made this country a cornerstone of international peace."

One wonders if they are assuming this "responsibility" because the guys they support there got spanked after firing what amounted to about 1,000 rockets at Israel.

Fox News reports,

The cease-fire agreement was later confirmed by Israel's Prime Minister Benjamin Netanyahu. Reuters reported that the Israeli leader warned in a statement that more forceful action may be employed if the cease-fire deal is unsuccessful.

President Obama called Netanyahu and commended the decision. Obama also reiterated his commitment to Israel's security. Obama also spoke with Egypt's president, Mohamed Morsi, and thanked the leader for his efforts in the deal.

According to a copy of the agreement obtained by The Associated Press, Israel will end its policy of assassinating top Hamas officials. Hamas, meanwhile, is promising to stop all rocket fire from the many militant groups operating in the Gaza Strip.

After a brief cooling-off period, Israel pledges to ease its blockade of Gaza, though there are no firm assurances on how that will be done. Israel has maintained that blockade since Hamas seized power in Gaza in 2007. It has gradually lifted many of the restrictions.

Earlier today, the Jerusalem Post reported,

A bomb on a central Tel Aviv bus wounded 28 people on Wednesday morning, in the first bombing in the city since 2006.

The bomb exploded on the 142 bus line on Shaul Hamelech street near the Defense Ministry headquarters and around the corner from Ichilov Hospital, blowing out all the windows of the bus and leaving dozens in need of medical assistance. The attack was not a suicide bombing, and police said they are investigating whether the attacker left a bomb on the bus or threw something on and ran. Police did say that one man was seen fleeing the site, but would not confirm reports that a suspect had been arrested.

Honestly, I'm wondering how long this ceasefire will last before Hamas works up the courage to start firing more rockets randomly into Israel.

UPDATE
: Yep, didn't even make it a few hours before Hamas was firing rockets back into Israel.

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