Previously, Hamas's deputy chief in Gaza Khalil al-Hayya stated that "a number of mediators intervened in the past hours and an agreement was reached to return to a ceasefire in Gaza."
The reports about the termination of the fire exchange have also started to appear in the Arabian media, such as Al Jazeera.
However, the information contradicts the statement by Israeli Intelligence Minister Yisrael Katz, who denied ceasefire claims by Hamas.
"Israel does not want the situation to deteriorate, but those who started the violence must stop it," he said.
According to the IDF Home Front Command, in last 22 hours, sirens were triggered at least 166 times in southern Israel.
"If the launches are renewed, the attacks against Hamas will be intensified," the official said, as quoted by the Times of Israel.
Earlier, Tel Aviv's Permanent Representative to the United Nations, Danny Danon, on the eve of an emergency meeting of the Security Council in connection with the shelling of Israeli territory from the Gaza Strip, called on the Security Council to officially recognize Hamas as a terrorist organization.
The Israel Defense Forces struck 25 targets in the Gaza Strip Tuesday night, in response to reports of mortars being fired from Gaza, with one hitting a kindergarten.
The situation on the border escalated on Monday, particularly after an Israeli tank attacked a militant observation post in response to an attempted violation of the border by two Palestinians.
The violent clashes between Palestinian protestors and IDF on the Gaza border with Israel erupted in March when the Palestinians started their rallies called the Great March of Return. Israel has explained its actions citing security reasons, saying it is defending its borders and blames Hamas for encouraging thousands of Palestinians to break through the border and attack Israelis.