Palestinians, Israel reach deal: Report

‘‘There are a few correct elements but it’s a little premature to say there’s an agreement,’’ a senior official in Prime Minister Ariel Sharon’s office said. ‘‘We will respond positively if on the other side there will be arrangements for a ceasefire, a cessation of hostilities.’’

The report, quoting unidentified high-level sources, it said the steps, including an Israeli-Palestinian ceasefire, had the support of both the United States and the European Union.

‘‘High-level sources confirmed an important understanding —— reaching the point of an agreement in principle —— has been completed between Egypt, Israel, the Palestinians and several active international parties, America and Europe, regarding a comprehensive settlement to the Israeli-Palestinian struggle,’’ MENA said.