The ceasefire deal in effect could end more than a year of cross-border fighting between Israel and Lebanon's Hezbollah militant group.

As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."

The new cease-fire also gives an oversight role to the United States, which Iran and Hezbollah have long railed against for its staunch support for Israel. Iran and Hezbollah would have only accepted such an arrangement if they were desperate to stop the war, analysts said.