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After months of failed negotiation, while 400 Palestinians and 7 Israelis died, Hamas has announced a cease-fire with Israel.

Egypt proposed the accord with the intention of ending Israel's year-long economic blockade of Gaza and bringing home Shalit, a captive Israeli soldier. The deal was first announced in Cairo by Egypt's state-run news agency and quickly confirmed by Hamas.

(Written story continues below)

The truce was to take effect on June 19, though a spokesman made it very clear that Hamas has "the right to respond to any Israeli occupation attack against the Palestinians in order to protect [themselves] and the Palestinians until the zero point of this declaration."

Though Israel has not officially confirmed the deal, a spokesman for the Israeli Prime Minister cautiously promised a "new situation" if the rocket fire ends, adding that "words are important, [but] deeds much more so."

On Tuesday, the day the truce was announced, Israeli aircraft attacked targets in southern Gaza, killing a total of 6 Palestinians. The Israeli military said 7 rockets were fired into Israel.

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