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Middle East crisis ceasefire update

(ABC)   All eyes are on Israel and Gaza this morning to see what happens in the aftermath of an overnight ceasefire proposal.

Egypt presented the plan late last night -- hoping to end a week of heavy fighting between Israel and Hamas militants in the Gaza Strip which has left at least 185 people dead.

Israel's cabinet accepted the proposal first thing this morning. Within half an hour, Hamas rejected it.
And two and a half hours after the ceasefire would have taken effect --there were multiple launches from Gaza -- intercepted by Israel's Iron Dome Defense System.

After a bloody week of rocket fire - fast moving diplomatic developments: the Egyptians tried to get Israel and Hamas to agree to a cease-fire.

Israel's cabinet accept the proposal. But senior Hamas leaders rejected it. hours after a cease-fire would have gone into effect, Hamas launched rockets from Gaza, and after initially showing restraint, Israel fired back.

This morning, Secretary of State John Kerry urged Hamas to end their air assault, and accept the proposed truce.

"I cannot condemn strongly enough the action of Hamas, in so brazenly firing  rockets.  We urge all parties to support this ceasefire."

Speaking overnight at a dinner celebrating Ramadan, President Obama welcomed cease-fire talks.

"I believe further escalation benefits no one, least of all the Israeli and the Palestinian people."
Over the past week, at least 185 people have been killed.

Many in the region are worried that this could escalate into a full scale war. 30,000 Israeli reservists have already been called up.

In the West Bank, hundreds of demonstrators marched to protest Israel's campaign.

Mustafa Barghouti, Palestinian Legislator
"We are here to protest against the massacres that are conducted by Israel against the Palestinian civilian population of Gaza."

With the death toll mounting, the international community is pushing hard for this cease-fire plan.