Israel and fighters in the Hamas-controlled Gaza Strip will "hold fire" beginning at 2 p.m. ET, Egyptian Foreign Minister Mohamed Kamel Amr just announced at a joint news conference with Secretary of State Hillary Rodham Clinton. Via NPR
From the White House:
The President commended the Prime Minister for agreeing to the Egyptian ceasefire proposal – which the President recommended the Prime Minster do – while reiterating that Israel maintains the right to defend itself.Readout of Obama's call with Morsi:
The President said that the United States would use the opportunity offered by a ceasefire to intensify efforts to help Israel address its security needs, especially the issue of the smuggling of weapons and explosives into Gaza.
President Obama spoke to President Morsi today. The President thanked President Morsi for his efforts to achieve a sustainable ceasefire and for his personal leadership in negotiating a ceasefire proposal. President Morsi expressed appreciation for President Obama’s efforts in this regard.
President Obama and President Morsi agreed on the importance of working toward a more durable solution to the situation in Gaza.
President Obama reaffirmed the close partnership between the United States and Egypt, and welcomed President Morsi's commitment to regional security.