A diplomatic push by United States and Egypt thrived late Wednesday ending Israel`s weeklong offensive into Gaza Strip.

Israeli Defense Forces and Hamas bombs went off on both sides until the very, very last minutes of the ceasefire. Reports, in fact, revealed rockets were still being fired while the ceasefire was being announced to the press.

By Thursday, in the early morning, the truce seems to be broadly holding and both sides claimed victory. But is there actually a victor in such a battle?

Israeli death toll rose to five as a soldier and a civilian were killed on Tuesday, while more than 150 Palestinians fell to the menacing rockets and bombs exchange.

Having quelled such upheaval, the international community lauds the efforts of U.S. Secretary of State Hillary Rodham Clinton and Egypt`s post-revolution President Mohammad Morsi, who sprang from the Muslim Brotherhood.

In the first big crisis of his tenure, Morsi was hailed as a peace broker, working with U.S. officials to arrange the truce.

Mrs. Clinton, on the other hand, rushed to Israel from a visit with President Barack Obama to Cambodia to hold a late-night meeting on Monday with Prime Minister Benjamin Netanyahu over the dire situation in the region.

"The goal must be a durable outcome that promotes regional stability and advances the security and legitimate aspirations of Israelis and Palestinians alike," she said at a post-meeting news conference with Netanyahu.

The final push was Clinton conferring for hours with Morsi, tellingly, remotely from Israel and Hamas representatives, leaving the situation in the hands of a singular partnership between the latter`s proxies, the U.S. and Egypt.

The official stipulations of the ceasefire agreement, per the BBC`s Jon Donnison : 

1. Understanding Regarding Ceasefire in Gaza Strip

1. a. Israel shall stop all hostilities on the Gaza Strip land, sea and air including incursions and targeting of individuals. 
b. All Palestinian factions shall stop all hostilities from the Gaza Strip against Israel, including rocket attacks, and attacks along the border. 
c. Opening the crossing and facilitating the movement of people and transfer of goods, and refraining from restricting residents free movement, and targeting residents in border areas and procedures of implementation shall be dealt with after 24 hours from the start of the ceasefire. 
d. Other matters as maybe requested shall be addressed. 

2. Implementation Mechanism: 

2. a. Setting up of the zero hour for the Ceasefire Understanding to enter into effect.
b. Egypt shall receive assurances from each party that the party commits to what was agreed upon. 
c. Each party shall commit itself not to perform any acts that would breach this understanding. In case of any observations, Egypt - as the sponsor of this understanding - shall be informed to follow up.