Hamas proposed a ceasefire agreement. Here's why it won't immediately end the Gaza war

(CNN) — When Hamas declared Monday evening that it had “accepted” a ceasefire agreement, it caught many people off guard. Israel obviously did not expect this, and it was not even immediately clear what Hamas had agreed to.

Hamas’ announcement initially sparked jubilation in Gaza and cautious optimism from regional leaders after it was presented as an acceptance of an Israeli proposal. But Israel issued what sounded like a holding position, saying Hamas’ position fell “far from” meeting its demands.

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CNN’s Abeer Salman, Becky Anderson and Jeremy Diamond, Christian Edwards, Mostafa Salem, Nic Robertson, Lauren Izso, Michael Williams, Oren Liebermann, Benjamin Brown, Jennifer Hansler, Alex Marquardt, Ibrahim Dahman, Tim Lister, Michael Schwartz, Lauren Said- Moorhouse, Eugenia Yosef, Tareq El-Helou and Kareem Khadder contributed to this story.