GAZA CITY, Gaza Strip Israel and the Hamas militant group agreed to a cease-fire Wednesday to end eight days of the fiercest fighting in nearly four years, promising to halt air strikes and rocket attacks that have killed scores and to discuss easing an Israeli blockade constricting the Gaza Strip.
Cheering Gazans emerged from their homes after a week, flooding the streets in wild celebration. Gunmen fired in the air, and chants of "God is Great" echoed from mosque loudspeakers. Residents hugged and kissed in celebration, while others distributed candy and waved Hamas flags.
"I just hope they commit to peace," said Abdel-Nasser al-Tom, from northern Gaza.
However, a dozen rockets hit southern Israel until an hour after the cease-fire deadline, authorities said, and schools in the region planned to stay shut Thursday as a precaution in case rockets continue to be launched.
The deal was brokered by the new Islamist government of Egypt, solidifying its role as a leader in the quickly shifting Middle East after two days of intense shuttle diplomacy that saw U.S. Secretary of State Hillary Rodham Clinton race to the region. Under the agreement, Egypt will play a key role in maintaining the peace.
Hamas leader Khaled Mashaal said the deal included an agreement to open all border crossings with the Gaza Strip, including the important Rafah crossing with Egypt.
"'The document provides for the opening of all crossings," he insisted.
Minutes before the deal took effect at 9 p.m. local time. (2 p.m. EDT) there was a spasm of Palestinian rocket attacks and Israeli airstrikes, including one that killed a Gaza man minutes before the deadline. After 9 p.m., the airstrikes ceased, but a dozen more rockets hit, police said. The stragglers did not seem to pose a threat to the truce deal.
Israel had launched well over 1,500 airstrikes and other attacks on targets in Gaza since fighting started Nov. 14, while more than 1,500 rockets pounded Israel. In all, 161 Palestinians, including dozens of civilians, were killed, while five Israelis died.
Standing next to Clinton, Egypt's foreign minister, Mohammed Kamel Amr, announced the truce breakthrough that capped days of intense efforts that drew the world's top diplomats into the fray.
The agreement will "improve conditions for the people of Gaza and provide security for the people of Israel," Clinton said at the news conference in Cairo.
In Israel, Prime Minister Benjamin Netanyahu said he agreed to the cease-fire after consulting with President Barack Obama to allow Israeli civilians to get back to their lives. He said the two leaders also agreed to work together against weapon smuggling into Gaza, a statement confirmed by the White House.
Netanyahu also left the door open to a possible ground invasion of Gaza at a later date.
"I know there are citizens that expected a wider military operation and it could be that it will be needed. But at this time, the right thing for the state of Israel is to take this opportunity to reach a lasting ceasefire," he said.
Asked on the "CBS Evening News" on whether Netanyahu was reluctant to sign the deal, correspondent Allen Pizzey from Tel Aviv said he probably was, and added that Netanyahu also didn't have a lot of choice really because they didn't want to go to a land war and they were under a lot of pressure from the Americans. In his address to his people, Netanyahu said that he thanked the Americans for their help and said that President Obama had agreed that America would help prevent the smuggling of weapons into Gaza, which the Israelis all say come from Iran.
Pizzey also said that the cease-fire will probably hold for a while. The problems will start Friday -- 24 hours after the agreement into effect -- as Israel is supposed to start opening up the blockade on Gaza for a freer flow of goods and people. That's Hamas' primary conditions after an end to the bombings of them. It's not what Israel wants to do and that will be the sticking point.
According to the agreement, Israel and all Palestinian militant groups agreed to halt "all hostilities." For the Palestinians, that means an end to Israeli airstrikes and assassinations of wanted militants. For Israel, it brings a halt to rocket fire and attempts at cross-border incursions from Gaza.
After a 24-hour cooling off period, it calls for "opening the crossings and facilitating the movement of people and transfer of goods, and refraining from restricting residents' free movement."
Hamas officials said details on the new border arrangements would have to be negotiated.
Israel imposed its blockade of Gaza after Hamas, a militant group sworn to Israel's destruction, seized control of the territory five years ago. It has gradually eased the closure, but continues to restrict the movement of certain goods through Israeli-controlled crossings. Among the restrictions: a near-complete ban on exports, limited movement of people leaving the territory, and limits on construction materials that Israel says could be used for military use.
The deal was vague on what limits Israel would lift, and whether Gaza's southern passenger terminal on the Egyptian border would be expanded to allow cargo to pass through as well. The deal was also unclear about a key Israeli demand for an end to arms smuggling into Gaza in tunnels underneath the border with Egypt.
Under the agreement, Egypt will play a key role. It said "Egypt shall receive assurances from each party" that they are committed to the deal.
"Each party shall commit itself not to perform any acts that would break this understanding," it adds. "In case of any observations, Egypt -- as the sponsor of this understanding -- shall be informed to follow up."
On Egypt's role in the cease-fire, CBS News correspondent Clarissa Ward from Cairo reported that the country had brokered the entire deal. Government officials had been shuttling back and forth for more than a week between the Hamas and Israeli delegations in Cairo, and Secretary Clinton thanked the Egyptian government for its role. Ward also added that there is a sense that Egypt struck a balance between its Muslim Brotherhood supporters who wanted to hear Egypt take a tougher stance against Israel while ensuring that the peace treaty between Egypt and Israel was never jeopardized.