Foreign Secretary William Hague has called for "bold leadership" from both Israel and the Palestinians to end the violence in the region.
He said: "This is a time for bold leadership. Both sides should take the necessary steps towards a lasting peace and to address the underlying causes of the conflict and instability in Gaza."
He added that a "fundamental transformation" of the situation was needed including the restoration of Palestinian Authority control, the opening up of legitimate movement and access and a permanent end to the unacceptable threat of rocket attacks and other forms of violence from Gaza against Israel.
"It is also a stark reminder of the need to make progress toward a permanent peace, based on the two-state solution," he said. "However difficult that looks at this time, there is no alternative that can deliver peace and security for both Israelis and Palestinians."
It's been an emotionally exhausting day in Israel and Gaza as hopes for peace were raised then dashed then raised then dashed again.
In the court of international opinion, this is how Israel wins a battle and still manages to lose the war.
Until the Israelis and the Palestinians find a way of resolving the underlining conflict this will not be more than a pause.