Israeli media is now reporting that Israel has agreed to an Egyptian draft ceasefire proposal. Hamas has not yet replied, but there are hints it may agree.
According to the proposal: There were would be de-escalation of the fighting beginning at 9 a.m. Israel time that would last for 12 hours. That would be followed by a ceasefire for 48 hours. Then delegations from Israel and Hamas would travel to Cairo for peace talks.
Israel has not rejected it, according to the media reports, because this war is seen as an achievement for Israel because it will have ended without Israel suffering any serious damage.
If Hamas were to reject it, Israel then would have international legitimacy to widen the war, according to analysts quoted in the Israeli press.