“Informal” ceasefire with Israel reached: Hamas

After five days of violence, a senior Hamas official says the Palestinian militant group has reached an informal ceasefire with Israel. The latest fighting began when militants crossed into southern Israel Thursday near the resort city of Eilat and killed eight Israelis. Hamas, which governs the Gaza Strip, says an “informal, implicit agreement” has been reached. Israeli Prime Minister Benjamin Netanyahu’s spokesman declined to comment on the accord, but Israeli military officials say rocket fire on Israel has decreased by more than three quarters since the apparent agreement.

Bloomberg Businessweek