Israeli aircraft pounded targets across the Hamas-ruled Gaza Strip on Thursday, and Palestinian militants renewed intense rocket barrages on southern Israel, as the sides tried to consolidate gains ahead of a possible ceasefire.

Prime Minister Benjamin Netanyahu is to convene Israel’s security cabinet at 7pm to discuss a possible cessation of hostilities, an Israeli official said on condition of anonymity to discuss the government’s plans. Israel’s Channel 13, citing an unidentified Hamas official, said the truce was scheduled to begin at 1pm Friday...

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