A preliminary agreement for a ceasefire in Gaza, along with the release of hostages, has been tentatively reached. Should everything proceed smoothly, Israel and Hamas are expected to finalize the arrangement this week, according to statements from Arab, US and Israeli officials shared with CBS News. US and regional insiders indicate that if the remaining specifics receive approval and the Israeli government endorses it soon after, the deal’s execution could commence by this weekend, the media added. Previously, the Wall Street Journal noted that the involved parties were ironing out the last aspects of a ceasefire accord for Gaza, potentially ready for announcement as early as today.