US Secretary of State John Kerry has said Israel has agreed on measures to reduce tensions around Jerusalem's Al-Aqsa mosque.

According to AFP, Kerry said Israeli Prime Minister Benjamin Netanyahu agreed to "an excellent suggestion by King Abdullah to provide 24-hour video coverage of all sites" in the compound, which is considered holy by Muslims and Jews.

Meetings were held today in Jordan between Kerry, Netanyahu, Jordan's King Abdullah II and Palestinian leader Mahmud Abbas in efforts to stem the latest wave of violence in the West Bank.

“I hope that based on these conversations we can finally put to rest some of the false assumptions, perceptions" about the holy site, Kerry said, before outlining the understandings of the leaders.

These include Israel's respect for Jordan's role as custodian of the site, an agreement for further coordination between the two states, and a denial that Israel planned to divide the mosque.

The latest flare up, in what many are fearing may become a third intifada, saw a Palestinian man shot dead after allegedly trying to stab an Israeli West Bank guard.

More than 50 Palestinians and nine Israelis are reported to have died in the violence since the start of the month.