Netanyahu announcing ceasefire: Israel seeks lasting truce, not conflict

After eight days of fierce fighting, Egyptian Foreign Minister Mohamed Amr said ceasefire between Israel and Hamas will go into effect at 9:00pm [Israel Standard Time] Wednesday.

Amr spoke in Cairo during a joint press conference with US Secretary of State Hillary Clinton.

Israeli sources said Israel had agreed to a truce, but would not lift its blockade of the Palestinian territory, which was a demand made by Hamas as a precondition for negotiations.