According to several Israeli media reports on Monday (November 25), the Israeli national security cabinet will meet on Wednesday to approve a ceasefire agreement with Hezbollah, with the final text confirmed on Monday. A Lebanese official stated that the agreement may be announced "within hours."

Affected by the easing of tensions in the Middle East, COMEX gold futures fell over 3%, crude oil dropped 3% during the day, and the usd fell by 0.5%.

Israeli officials had previously stated that an agreement to end the war is close to being reached, but some issues remain. Despite Israel's renewed attacks on Lebanon, two senior Lebanese officials expressed cautious optimism.

A spokesperson for Israeli Prime Minister Netanyahu confirmed the news regarding the imminent vote on the ceasefire agreement. Sources revealed that Netanyahu has tentatively approved a ceasefire agreement potentially to be reached with Hezbollah, but Israel hopes to propose additional conditions and communicate them to the Lebanese authorities.

It is reported that some detailed issues are still being discussed, which could delay the agreement until these issues are resolved. However, sources state that "negotiations may be progressing positively toward reaching an agreement."

But they also admit that Israel and Hezbollah are still exchanging fire, and a small mistake could undermine the negotiations.

Lebanon's Deputy Speaker Elias Bou Saab claimed that there are no "serious obstacles" to implementing the US-proposed ceasefire agreement, which will require Israeli forces to withdraw from southern Lebanon, and a committee consisting of five countries will be established to oversee it, chaired by the USA.

Last week, us presidential envoy Amos Hochstein visited Beirut, the capital of Lebanon, stating that the ceasefire agreement between Israel and Lebanon "is in our hands," but ultimately it will be decided "by the parties involved."

Previously, Axios reported, citing a US official, that Israel and Hezbollah have reached an agreement on the terms of the ceasefire, and the meeting on Tuesday aimed to approve the agreement.

Reports indicate that the ceasefire agreement draft includes a 60-day transition period. During this time, Israeli troops will withdraw from southern Lebanon, Lebanese troops will be deployed close to the border, and Hezbollah will transfer heavy weapons north of the Litani River. The agreement also includes a US-led monitoring committee responsible for overseeing the implementation of the agreement and handling violations. After the 60-day ceasefire transition period, there is a possibility of a long-term ceasefire.

Israel's ambassador to the United Nations, Danny Danon, stated that regardless of any agreement reached, Israel will maintain its capacity to strike southern Lebanon.

The expected ceasefire between Israel and Hezbollah is likely to greatly ease regional tensions, which have raised concerns about a direct conflict between Israel and Iran. It is still unclear how this will affect the war between Israel and Hamas in Gaza. Hezbollah has consistently insisted that it would not agree to a ceasefire unless the war in Gaza ends, but it now seems to have abandoned that condition.

The day before, Hezbollah launched approximately 250 rockets at Israel, causing multiple injuries in Israel, marking one of the organization's most intense attacks in months in response to Israel's deadly assault on Beirut. Many still believe that no agreement will be reached before Trump takes office in January next year.