A well-informed Palestinian source revealed on Wednesday that an Egyptian-brokered understanding to restore mutual calm between Gaza militants and Israel will be valid starting from midnight.

The source, speaking on condition of anonymity, told Xinhua that the Palestinian factions, mainly the Islamic Hamas movement informed the Egyptian intelligence services officials that they accept the mutual calm with Israel.

The source said that Israel has also informed Egypt that it doesn't wish for escalation, and that it would halt airtsrikes on the coastal enclave as soon as militants stop launching rockets at its southern territories.

The understanding on restoring calms in the Gaza Strip will be valid starting from midnight, and it will be mutual, said the source, adding that "both sides are watching the situation on the ground carefully."

"I believe that the two sides are interested in clam because both want to stop tension and avoid more escalation," said the source closed to Hamas movement in the Gaza Strip.