In a significant development, the Israeli security cabinet has approved a ceasefire with Hezbollah, marking the end of over a year of intense cross-border conflict. The decision, made with a 10 to 1 vote, is set to take effect at 4 AM local time tomorrow. The ceasefire aims to halt all attacks within 60 days, with Israeli troops gradually withdrawing from Lebanon and Hezbollah relocating its fighters and weapons north of the Litani River.

The humanitarian toll of the conflict has been severe, with Lebanon reporting over 3,500 deaths and nearly one million displaced individuals, representing about one-fifth of the country's population. In Israel, more than 70 fatalities have been recorded, alongside the displacement of over 60,000 residents since hostilities escalated on October 8.

President Biden has pledged U.S. oversight of the ceasefire, emphasizing its potential for lasting peace. However, Israeli Prime Minister Benjamin Netanyahu has warned that Israel retains the right to respond militarily if Hezbollah violates the agreement. The ceasefire's durability hinges on the cooperation of the Lebanese Armed Forces and the enforcement of the terms by both parties.

Experts express cautious optimism about the agreement's longevity, noting that both Israel and Hezbollah have compelling reasons to pursue peace. However, challenges remain, particularly regarding Hezbollah's arsenal and the reconstruction needs of war-torn areas in Lebanon, which have left many residents in dire conditions.

The ceasefire also introduces a U.S.-chaired mechanism to monitor compliance, a new feature compared to previous agreements. Analysts suggest that while the ceasefire is a critical step, its success will depend on the political will of both sides and the ability to address underlying tensions in the region.