UPDATE: 6:55 p.m. ET: Hamas has reportedly agreed to the five-hour cease-fire:
#BreakingNews Hamas agrees to five-hour Gaza ceasefire: statement
http://t.co/6rVGp1hLxY
— Al Arabiya English (@AlArabiya_Eng) July 16, 2014
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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.