As of writing the ceasefire between Israel and Hamas holds. It is now up to the negotiations in Cairo to produce something that allows both sides to save face by going home with 'Wins'. Possible? Sure. Likely? Worth holding your breath for.
The Obama Administration is reportedly seething at the snook Israel is currently cocking its way.
Already Secretary of State John Kerry has been openly ridiculed by senior members of Benjamin Netanyahu's right wing coalition cabinet.