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CAIRO -- Egypt has announced a cease-fire agreement to end a week of fighting between Israel and Hamas militants in the Gaza Strip.

Foreign Minister Mohammed Kamel Amr said the truce would take effect at 9 p.m. local time (2 p.m. EDT.) He made the announcement alongside visiting U.S. Secretary of State Hillary Rodham Clinton.

In Jerusalem, Israeli Prime Minister Benjamin Netanyahu confirmed the deal, saying he had agreed after consulting with President Barack Obama.

The deal is to end a week of fighting that has killed more than 140 Palestinians and five Israelis.

== Bus bomb blast in Tel Aviv ==

Earlier in the day, Israel said a bomb blast hit a bus in Tel Aviv. Thebomb ripped through an Israeli bus near the nation's military headquarters, wounding at least 10 people, Israeli officials said.

The bus exploded about noon on one of the coastal city's busiest arteries, near the Tel Aviv museum and across from an entrance to Israel's national defense headquarters. The bus was charred and blackened, its side windows blown out and its glass scattered on the asphalt. The wounded were evacuated and blood was splattered on the sidewalk.

An Israeli driver who witnessed the explosion told Army Radio the bus was completely charred inside. Another witness said there were few passengers on the bus when it exploded. The witnesses spoke to Israeli TV and were not identified.

Police spokesman Micky Rosenfeld said authorities were investigating whether the bomb had been planted and left on the bus or whether it was the work of a suicide bomber.

== President Obama hails ceasefire==

President Barack Obama is hailing a ceasefire agreement to end a week of fighting between Israel and Hamas militants in the Gaza Strip.

The White House says Obama talked to Israeli Prime Minister Benjamin Netanyahu Wednesday and commended him for agreeing to the Egyptian ceasefire proposal, which the Obama had recommended the prime minister accept.

The deal would end a week of fighting that has killed more than 140 Palestinians and five Israelis.

The White House says the United States will use the opportunity offered by a ceasefire to intensify efforts to help Israel address its security needs, especially the smuggling of weapons and explosives into Gaza.

Obama also said he would seek more money for the Iron Dome defense system that has protected Israel from rocket attacks.

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