The Economist.

Hello and welcome to the Intelligence from The Economist.

Hello and welcome to the Intelligence from The Economist. In Lagos I'm Ora Ogambi.

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There are celebrations in Gaza last night with news that Hamas had accepted the terms of a ceasefire agreement. In the city of Raffer and the southern part of the strip, crowds of Palestinians cheered.

But those celebrations proved premature and soon after Israeli missiles hit the

eastern parts of the city.

This morning Israeli tanks took control of the border crossing at Raffer, one of the two entry points for aid into the strip.

Though a ceasefire feels closer, for now the fighting in Gaza continues.

It was a roller coaster weekend on Saturday morning there was a lot of

optimism that Israel and Hamas were close to a ceasefire deal.

Greg Karlstrom is a Middle East correspondent for the economist.

By Monday morning that optimism had soured and the talks seemed like they were close to collapse and then on Monday night very unexpectedly, Hamas announced that it had agreed to a ceasefire.

It's still not clear though whether or not Israel will accept.

So Greg, tell us about the deal, what might it look like? I should say we're not 100% sure what it looks like at this

point we're all trying to work off of leaks but nothing has been published publicly

...