The Islamic Jihad organization announced a new ceasefire agreement in the Gaza Strip early Friday morning.
According to sources in Gaza the ceasefire was brokered by Egypt and the UN.
The ceasefire has already begun, according to Israel Radio.
Nafaz Azam, one of the organization’s leaders in the Gaza Strip, made the statement, which was unexpected, as earlier Thursday the terrorist group had vowed to extend the range of their rocket capabilities, sending projectiles deeper into Israeli territory.
According to Islamic Jihad, a small terrorist group with roots in the Muslim Brotherhood, it would triple the number of Israelis affected by rocket attacks.
This announcement came as the South braced for a weekend of violence as rocket fire intensified on Thursday and the IDF struck back, killing two terrorists in the Gaza Strip.
At least 15 rockets and mortar shells pounded southern Israel, hitting open areas near Ashkelon and in the Sha’ar Hanegev Regional Council. A mortar shell struck the Erez crossing, which is frequently used by Palestinians to enter Israel for medical treatments, causing extensive damage.