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Israel Agrees to U.N.-Brokered Temporary Pause in Gaza Strikes (UPDATED: Hamas Reportedly Agrees)

Smoke rises after an Israeli missile strike in the Gaza strip as seen from the Israel Gaza border on Wednesday, July 16, 2014. Israeli war planes and naval vessels intensified attacks across the Gaza Strip on Wednesday, targeting senior Hamas leaders and bombarding a coastal area. (AP Photo/Ariel Schalit) AP Photo/Ariel Schalit

UPDATE: 6:55 p.m. ET: Hamas has reportedly agreed to the five-hour cease-fire:

GAZA CITY, Gaza Strip (AP) -- The Israeli military says it has agreed to a U.N.-brokered five-hour pause in its strikes on the Gaza Strip to allow Palestinians to restock supplies.

The military said in a statement Wednesday that it would hold its fire for five hours starting at 10:00 a.m. (0900 GMT, 5 a.m. EDT.)

It warns however that it will retaliate "firmly and decisively" if Hamas or other militant groups launch attacks on Israel during that time.

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