Israel-Gaza Conflict Live: Israel issues ‘Grave Mistake’ warning to Hamas, says ‘Ready for War’ with militants after Gaza launches missile attack during Israeli festival.

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The Israeli military has compared the surprise co-ordinated assault launched by Hamas on Saturday to the September 2001 attacks in the US.

"This is our 9/11 - they got us," said an Israeli spokesperson.

More than 700 people have been killed in Israel since Saturday and almost 500 people have died in Gaza.

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Dozens of gunmen from the Islamist militant group Hamas appear to have infiltrated southern Israel in a surprise rocket attack from the Gaza Strip.

Hundreds of people are being treated in Israeli hospitals, with at least one Israeli woman confirmed to have been killed in the attack.

Israel's PM Benjamin Netanyahu said “we are at war”, adding that the enemy will “pay a price he has never known”.

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The Israeli military says hundred of thousands of troops are near Gaza "ready to execute the mission we have been given”.

Earlier this week, Israel announced a siege of Gaza - cutting its supplies of electricity, fuel, and water.

The death toll in Israel has reached 1,200 since Saturday's attacks, while more than 1,000 people have been killed by Israeli air strikes in Gaza.

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The Israeli military says the assault launched by Hamas on Saturday feels like the September 2001 attack on the US.

"This is our 9/11 - they got us," says a spokesman, while another compares it to the 1941 Pearl Harbor attack.

Israel is still fighting Palestinian militants in "seven to eight places" on its own territory.

More than 700 people have been killed in Israel since Hamas launched its attacks, including 260 at a music festival.

Almost 500 have died in Gaza, after Israel launched retaliatory air strikes.

Israel says most of the breach points from Gaza into Israel have been closed, mainly with tanks.

But the military says it can't deny that fighters might still be crossing into Israel from Gaza.

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