By Josef Federman and Fares Akram

Israel and Hamas announced a cease-fire Thursday, ending a bruising 11-day war that caused widespread destruction in the Gaza Strip and brought life in much of Israel to a standstill.

Prime Minister Benjamin Netanyahu’s office said Israel accepted the Egyptian proposal after a late-night meeting of his Security Cabinet. Hamas quickly followed suit and said it would honor the deal.

Egypt's state-run MENA news agency said the truce would take effect at 2 a.m., roughly three hours after the announcement.

In a statement, Netanyahu's office said the Security Cabinet unanimously approved the proposal after recommendations from the military chief of staff and other top defense officials. The statement boasted of “significant achievements in the operation, some of which are unprecedented" and included a veiled threat against Hamas.

“The political leaders emphasized that the reality on the ground will determine the future of the campaign,” the statement said.

Taher Nounou, a Hamas official, confirmed the deal. “The Palestinian resistance will commit itself to this deal as long as the occupation is committed,” he said.

The agreement would close the heaviest round of fighting between the bitter enemies since a 50-day war in 2014, and once again there was no clear winner. Israel inflicted heavy damage on Hamas but was unable to prevent the rocket fire that has disrupted life for millions of Israelis for more than a decade.

The fighting began May 10, when Hamas militants in Gaza fired long-range rockets toward Jerusalem after days of clashes between Palestinian protesters and Israeli police at the Al-Aqsa Mosque compound, a flashpoint site that is known to Muslims as the Noble Sanctuary and to Jews as the Temple Mount. Heavy-handed police tactics at the compound and the threatened eviction of dozens of Palestinian families by Jewish settlers had inflamed tensions.

Israel launched hundreds of airstrikes during the operation, targeting what it said was Hamas’ military infrastructure, including a vast tunnel network. Hamas and other militant groups embedded in residential areas fired over 4,000 rockets at Israeli cities, with hundreds falling short and most of the rest intercepted.

At least 230 Palestinians were killed, including 65 children and 39 women, with 1,710 people wounded, according to the Gaza Health Ministry, which does not break the numbers down into fighters and civilians.

Hamas and the militant group Islamic Jihad said at least 20 of their fighters were killed, while Israel said the number was at least 130. Some 58,000 Palestinians have fled their homes, many of them seeking shelter in crowded U.N. schools at a time of a raging coronavirus outbreak.

Twelve people in Israel, including a 5-year-old boy, a 16-year-old girl and a soldier, were also killed.

Since the fighting began, Gaza’s infrastructure, already weakened by a 14-year blockade, has rapidly deteriorated.

Medical supplies, water and fuel for electricity are running low in the territory, on which Israel and Egypt imposed the blockade after Hamas seized power in 2007.

Israel considers Hamas, an Islamic militant group that seeks its destruction, to be a terrorist group and Hamas’ government is not internationally recognized.

Israeli bombing has damaged over 50 schools across the territory, according to advocacy group Save the Children, completely destroying at least six. While repairs are done, education will be disrupted for nearly 42,000 children.

Israeli attacks have also damaged at least 18 hospitals and clinics and destroyed one health facility, the World Health Organization said. Nearly half of all essential drugs have run out.

Updated on May 20, 2021, at 5:19 p.m. ET with the latest details.

Share:
More In Politics
All Hands Celebrates Black History Month
All Hands celebrates Black History Month by highlighting achievements in inclusivity and paying homage to those who have fought for equal rights. Rep. Maxine Waters (D-CA) joins Cheddar News to discuss voter suppression; Damali Peterman, CEO of Breakthrough ADR, elaborates on the biggest barriers for Black professionals; Andre Perry, senior fellow of Brookings Institution, dives into student loans and the racial wealth divide; and lastly, BET CEO Scott Mills discusses the company's initiatives for 2022.
Black History Being Made On Capitol Hill
All month long Cheddar News is celebrating Black History Month. In our nation’s capital, Black history is being made right now. cheddar's own Arielle Hixon puts the spotlight on three lawmakers making that happen, Rep. Lauren Underwood (D-IL), Rep. Cori Bush (D-MO), and Sen. Tim Scott (R-SC).
Rep. Maxine Waters on Voter Suppression, SCOTUS During Black History Month
Representative Maxine Waters (D-Calif. 43rd District) joined Cheddar News to talk about the current political climate in America, including efforts to roll back voting rights in multiple states in light of Black History Month. "Why do we have to deal with those who still believe that somehow this country only belongs to the whites of the country and that somehow they have to do everything that they can to undermine our voting and do voters suppression to keep us from being influential and at the table by which to solve problems?" she asked. Waters chided "two Democrats" who she said were stymying attempts to rectify the issue and also spoke on President Biden’s promise to nominate a Black woman to the Supreme Court.
Interest Rates Remain Unchanged Though Hikes Loom
Wall Street saw another volatile day after the Federal Reserve left rates unchanged for now, with plans to raise rates in March at its next meeting in order to ease inflation. Fed Chair Jerome Powell said the Fed has not made decisions on the size of rate increases, adding that the Fed is not trying to get inflation below two-percent. Ken Johnson, CFA and Investment Strategy Analyst explains why Powell thinks that high inflation is a significant threat to the labor market.
Factorial Energy Raises $200 Million to Accelerate Commercialization of Its Solid-State Batteries for Electric Vehicles
Solid-state battery maker Factorial Energy recently raised $200 million in a Series D round led by Mercedes-Benz and Stellantis. Factorial says the funding will be used to accelerate commercial production and deployment of its solid-state battery technology, which the company says is safer, and offers up to 50% more driving range than current lithium-ion technology. Factorial also has joint development agreements (announced in late 2021) with Mercedes-Benz, Stellantis, and Hyundai, three of the top 10 global automotive manufacturers, to commercialize its batteries. Factorial CEO Siyu Huang joined Cheddar News' Closing Bell to discuss.
Load More