Israel and Palestinian movement Hamas have agreed to a ceasefire in the Gaza Strip, potentially bringing an end to Israel's devastating war in the enclave.

The ceasefire will go into effect on Sunday.

Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani announced the deal on Wednesday during a press conference in Doha.

The Qataris, alongside the Egyptians, helped negotiate the agreement with Israel, while the incoming US administration of President-elect Donald Trump applied pressure on the Israelis, Haaretz reported.