(CNN) Israel's Prime Minister Benjamin Netanyahu has made clear that Israel will now consider arson attacks from Gaza in the same way that it considers launches of rockets and mortars.

Speaking ahead of his weekly Cabinet meeting Sunday, Netanyahu referenced Saturday's announcement from Gaza militant groups that a ceasefire had been reached after a serious escalation in tit-for-tat rocket attacks and airstrikes.

"I heard it being said that Israel has agreed to a ceasefire that would allow the continuation of terrorism by incendiary kites and balloons; this is incorrect," Netanyahu said. "We are not prepared to accept any attacks against us and we will respond appropriately."

The comments came after Hamas and Islamic Jihad, the two largest militant factions in Gaza, said Saturday a ceasefire agreement was reached with Israel. Two hundred projectiles, including rockets and mortars, were fired toward Israel in the previous 24 hours, Israel Defense Forces said. Israel said it carried out what it called its single largest bombing campaign in Gaza since the 2014 war.

Hamas spokesman Fawzi Barhoum told CNN that "since the start of the Israeli strikes on Gaza, various mediation efforts (led by Egypt) to stop the aggression have succeeded in bringing calm and stopping this aggressive escalation."

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