After eight days of fighting between Israel and Hamas, a ceasefire agreement was reached that could usher in a new era of relations between the bitter enemies. Israel achieved its goals of stopping rocket fire from Gaza without a ground invasion or losing international support. Hamas gained international credibility and proved its ability to defend Gaza despite airstrikes. Palestinian President Abbas lost influence as he had no role in negotiations, while Egyptian President Morsi's role as mediator enhanced his prestige. The US engagement in brokering the ceasefire could signal renewed involvement in the region's conflicts.