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The European Union has called for an immediate truce to halt Israeli operations in Gaza and rocket fire on Israel, foreign policy chief Josep Borrell said.
"We urge an immediate comprehensive ceasefire which will end Israeli military operations in Gaza and current rocket firing against Israel, which is unacceptable. International humanitarian law must be respected," Borrell said in a statement.
Meanwhile, the Palestinian Health Ministry said that the death toll in the besieged Gaza Strip has risen to 28, as of Thursday.
Neighbouring Egypt is currently amidst mediating between Israel and the besieged Gaza Strip, which is currently suffering under Israeli airstrikes for a third consecutive day, after Tel Aviv struck an apartment building in western Khan Younis, killing an Islamic Jihad (PIJ) commander and three of his relatives.
Israel is reportedly examining Egypt's proposals, Foreign Minister Eli Cohen told Israeli public broadcaster Kan.
Israeli media further said on Thursday, that a delegation from Cairo has arrived in Tel Aviv in order to reach a ceasefire agreement, though no Egyptian statement has been made yet.
Egypt, which shares a border with the coastal enclave, often mediates between the Gazan territory and Israel.
Earlier today, the Palestinian Islamic Jihad later announced the death of Ali Ghali, commander of a rocket launch unit, in a pre-dawn strike that was carried out by Israeli forces in the south of the Strip.
Prior to that, an exchange of shelling between the Palestinian resistance and Israeli forces took place lasting several hours, after Israel failed to agree on a ceasefire, refusing to commit to ending the attacks on the besieged strip.
The number of Palestinians killed in Israeli air attacks on Gaza has risen to 25, while 76 people have been wounded, the Palestinian health ministry in Gaza said.
Most of those killed were women and children, the Palestinian WAFA news agency reported on Thursday.
Egypt, Qatar, and the United Nations are still working to reach an agreement to halt the latest escalation.