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Updated 11/21/2012 05:32 PM

Cease-fire agreement reached

By: Web Staff

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ISRAEL -- A cease fire agreement has been reached, ending a week of fighting between Israel and Hamas militants in the Gaza Strip.

Egypt's foreign minister made the announcement alongside US Secretary of state Hillary Clinton Wednesday. Israel's prime minister also confirmed the deal, after speaking with President Obama.

Clinton says this is a pivotal time for the Mideast.

"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," she said.

The cease fire comes after at least 24 people were hurt earlier Wednesday in a bus bombing in Tel Aviv, Israel.

The bombing marked the first terror attack in Tel Aviv since 2006.