A proposal by Egypt to end fighting between Israel and Hamas has not yet been confirmed but has "the ring of truth," ITV News Diplomatic Correspondent John Ray reports from Israel.
The proposed ceasefire would be adopted by both sides by by 6:00am GMT tomorrow, followed by a ceasefire within 12 hours.
Negotiations between both sides in Cairo would then begin within 48 hours, state news agency MENA said.
Still waiting for confirmation of gaza ceasefire but informed sources say has the ring of truth.
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.