Israeli radio is reporting that the ceasefire between Israel and terrorist entity Hamas, gaza tunnel weapons bombedwhich is scheduled to go into effect at 9:00 PM Israeli time, is based around three basic points.

1.Israel agrees to stop all military activity in Gaza. The ceasefire agreement would include all military activity in the "air, water and land." Israel also agrees to stop the targeted hits of Hamas terror leaders.

2. Palestinians will agree to stop the attacks on Israel. This includes the launching of rockets from Gaza, as well as other planned terror attacks along the border with Israel.

3. Israel agrees to ease some of the crossing restrictions in the checkpoints leading into Gaza.

In official terms, this is not an agreement between Israel and "Hamas."

None of this has been confirmed by the Israeli government. An official announcement with the exact terms is expected shortly.

Political and military analysts have stated that at best, this agreement can last a year or two, hopefully bringing some quiet to the region and to the citizens of Southern Israel.
Critics of the agreement have pointed out that this will merely be an opportunity for Hamas to acquire more weapons and to strengthen its infrastructure.

Prime Minister Benjamin Netanyahu agreed to implement the ceasefire after speaking with President Barack Obama who recommended that Israel agree to the Egyptian proposal for a ceasefire, providing an opportunity to "stabilize the situation" in the region.'

Hilary Clinton, speaking in Cairo said "The United States welcomes the agreement today for a ceasefire. In the days ahead, the United States will work with partners in the region to consolidate this progress."

The ceasefire goes into effect only hours after terrorists detonated an explosive device on a Tel Aviv bus in a central part of the city, leaving 28 wounded.

Israeli police continue to expect increased terrorist activity and have asked Israeli citizens to be on alert.

As the ceasefire was being announced, Code Red alarms for nearly a dozen areas in Israel were broadcasted on the radio as Hamas rockets from Gaza continued to rain down on Southern Israel and Ashdod.

One radio reporter near Be'er Sheva was nearly hit by one of the dozens of rockets falling in and around Be'er Sheva, which ended up falling on his neighbors house. The reporter wryly called the attack "the grand finale," as Hamas appears to be trying to hit as many targets as possible before the ceasefire officially begins.

An official statement from the government alerted citizens that school will not take place tomorrow for the children of Southern Israel as they "cannot be sure the ceasefire will last."

The IAF reportedly continues to strike targeted hits in Gaza.