Israel, Hamas agree to cease-fire: Will it hold?

Egypt's Foreign Minister Mohamed Kamel Amr announced Wednesday a cease-fire agreement between Israel and Hamas. The cease-fire was scheduled to take effect at 2 p.m. ET.

The announcement came hours after a bomb exploded on a bus in Tel Aviv, injuring 24.

U.S. Secretary of State Hillary Clinton arrived in Jerusalem Tuesday and met with Israeli Prime Minister Benjamin Netanyahu. On Wednesday, Clinton travelled to Ramallah to meet with Palestinian President Mahmoud Abbas and soon after met with Egyptian President Mohamed Morsy.

Gazans celebrate Israel-Hamas cease-fire

"This is a critical moment for the region. Egypt's new government is assuming the responsibility and leadership that has long made this country a cornerstone of regional stability and peace," said Clinton.

Will the Israeli-Hamas cease-fire agreement hold?

Tune to Erin Burnett OutFrontat 7p and 11p ET on CNN for the latest. Both sides of the conflict are OutFront with reaction to the cease-fire: Israeli Foreign Minister Danny Ayalon and Maen Areikat, chief representative of the general delegation of the Palestine Liberation Organization to the United States.

Hearing distant gunfire (probably celebratory) and omnipresent drones over head. No rockets, no air strikes. #gaza

— benwedeman (@bencnn) November 21, 2012

Cease-fire reached in Gaza conflict

A cease-fire agreement has been reached to end the hostilities in Gaza, Egypt's foreign minister announced Wednesday at a news conference.

The cease-fire was scheduled to take effect at 9 p.m. (2 p.m. ET) Foreign Minister Mohamed Kamel Amr said.

The agreement came hours after militants exploded a bomb on a public transport bus in Tel Aviv, injuring 24 people.

The blast shook up the Israeli public and drew immediate condemnation from world leaders, including U.N. Secretary-General Ban Ki-moon, who called it "shocking." The White House labeled the strike a "terrorist attack," and Secretary of State Hillary Clinton said the United States "stands ready to provide any assistance that Israel requires."

Hamas praised the attack, which struck close to the headquarters of the Israel Defense Forces, or IDF. But the group did not claim responsibility.

"We told you #IDF that our blessed hands will reach your leaders and soldiers wherever they are," the al Qassam Brigades, the military wing of Hamas, said on Twitter. "You opened the Gates of Hell on Yourselves."

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