The deal, brokered by the US and France, was announced by President Joe Biden and will see an initial 60-day halt to the fighting that has claimed thousands of Lebanese lives and displaced over a million people.
It will also allow tens of thousands of people both sides of the border to return home.
Israel will gradually withdraw its forces from Lebanon as the Iranian-backed militant group Hezbollah leaves its positions in the region, and retreats north of the Litani River – which runs around 30km (20miles) north of the border.
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The Lebanese army will take control of the territory to ensure Hezbollah doesn’t rebuild infrastructure there, with the country’s foreign minister Abdallah Bou Habib saying it could deploy at least 5,000 troops.
“This is designed to be a permanent cessation of hostilities,” Mr Biden said.
“Civilians on both sides will soon be able to safely return to their communities,” he added.
There appeared to be lingering disagreement over whether Israel would have the right to attack Hezbollah if it believed the militants had broken the agreement.
Prime Minister Benjamin Netanyahu said it was part of the deal but Lebanese and Hezbollah officials reportedly claimed otherwise.
“If Hezbollah breaks the agreement and tries to rearm, we will attack. For every violation, we will attack with might,” Mr Netanyahu said.
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5:57
Biden announcing ceasefire
Mr Biden said Israel had the right to quickly resume operations if Hezbollah did break the truce.
Within Israel, there was not total support for the ceasefire, with a poll conducted by Israel’s Channel 12 TV finding that 37% of Israelis were in favour of the ceasefire, and 32% against.
In Lebanon, people cheered on the streets as it was confirmed.
Israel bombards Lebanon right until ceasefire deadline
With less than half an hour to go until the ceasefire, Israel was still launching strikes on Beirut.
In the days and hours before, it had unleashed a wave of attacks across Lebanon, killing at least 42 people according to Associated Press.
Explosions lit up Lebanon’s skies in the day before the ceasefire with both Beirut and the port city of Tyre targeted by Israel as its cabinet discussed, and eventually voted for, the peace offer.
Image: Smoke rises over Dahiyeh, Beirut, after an Israeli strike on Tuesday.
Pic: AP/Bilal Hussein
Image: Rescuers search for victims in the aftermath of an Israeli airstrike in Beirut.
Pic: AP/Hassan Ammar
Israel also later launched strikes at the north Lebanon crossing with Syria for the first time, according to Lebanon’s transport minister Ali Hamieh.
The most recent deaths mean at least 3,760 people have been killed in Lebanon in the 13 months of fighting between Israel and Hezbollah, which includes the two months since the ground invasion.
Israel says it has killed more than 2,000 Hezbollah members. Lebanon’s Health Ministry says the war has displaced 1.2 million people.
In Israel, Hezbollah rockets have struck as far south as Tel Aviv and at least 75 people have been killed, more than half of them civilians.
But while the ceasefire will end hostilities in Lebanon, worries over the situation in Gaza continued.
Charities have repeated warnings of a humanitarian crisis in parts of the enclave and the United Nations Agency for Palestine Refugees (UNRWA) said that the coming winter would lead to more deaths as well.
Meanwhile, Hamas is still holding dozens of hostages who have spent more than a year captive.
The IDF has admitted to mistakenly identifying a convoy of aid workers as a threat – following the emergence of a video which proved their ambulances were clearly marked when Israeli troops opened fire on them.
The bodies of 15 aid workers – including eight medics working for the Palestine Red Crescent Society (PRCS) – were found in a “mass grave” after the incident, according to the head of the UN Office for Coordination of Humanitarian Affairs Jonathan Whittall.
The Israeli military originally claimed an investigation found the vehicles did not have any headlights or emergency signals and were therefore targeted as they looked “suspicious”.
But video footage obtained by the PRCS, and verified by Sky News, showed the ambulances and a fire vehicle clearly marked with flashing red lights.
In a briefing from the IDF, they said the ambulances arrived in the Tel Sultan neighbourhood in Rafah shortly after a Hamas police vehicle drove through.
Image: Palestinians mourning the medics after their bodies were recovered. Pic: Reuters
An IDF surveillance aircraft was watching the movement of the ambulances and notified troops on the ground. The IDF said it will not be releasing that footage.
When the ambulances arrived, the soldiers opened fire, thinking the medics were a threat, according to the IDF.
The soldiers were surprised by the convoy stopping on the road and several people getting out quickly and running, the IDF claimed, adding the soldiers were unaware the suspects were in fact unarmed medics.
An Israeli military official would not say how far away troops were when they fired on the vehicles.
The IDF acknowledged that its statement claiming that the ambulances had their lights off was incorrect, and was based on the testimony from the soldiers in the incident.
The newly emerged video footage showed that the ambulances were clearly identifiable and had their lights on, the IDF said.
The IDF added that there will be a re-investigation to look into this discrepancy.
Image: The clip is filmed through a vehicle windscreen – with three red light vehicles visible in front
Addressing the fact the aid workers’ bodies were buried in a mass grave, the IDF said in its briefing this is an approved and regular practice to prevent wild dogs and other animals from eating the corpses.
The IDF could not explain why the ambulances were also buried.
The IDF said six of the 15 people killed were linked to Hamas, but revealed no detail to support the claim.
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1:22
Bodies of aid workers found in Gaza
The newly emerged footage of the incident was discovered on a phone belonging to one of the workers who was killed, PRCS president Dr Younis Al Khatib said.
“His phone was found with his body and he recorded the whole event,” he said. “His last words before being shot, ‘Forgive me, mom. I just wanted to help people. I wanted to save lives’.”
Sky News used an aftermath video and satellite imagery to verify the location and timing of the newly emerged footage of the incident.
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2:43
Aid worker attacks increasing
It was filmed on 23 March north of Rafah and shows a convoy of marked ambulances and a fire-fighting vehicle travelling south along a road towards the city centre. All the vehicles visible in the convoy have their flashing lights on.
The footage was filmed early in the morning, with a satellite image seen by Sky News taken at 9.48am local time on the same day showing a group of vehicles bunched together off the road.
Ukrainian President Volodymyr Zelenskyy has hit out at the US over its “weak” response to lethal Russian attacks on his hometown on Friday.
President Zelenskyy posted a lengthy and emotional statement on X about Russia’s strikes on Kryvyi Rih, which killed 19 people.
Meanwhile Ukrainian drones hit an explosives factory in Russia’s Samara region in an overnight strike, a member of Ukraine’s SBU security service told Reuters.
In his post, President Zelenskyy accused the United States of being “afraid” to name-check Russia in its comment on the attack.
“Unfortunately, the reaction of the American Embassy is unpleasantly surprising: such a strong country, such a strong people – and such a weak reaction,” he wrote on X.
“They are even afraid to say the word “Russian” when talking about the missile that killed children.”
America’s ambassador to Ukraine Bridget Brink had written on X: “Horrified that tonight a ballistic missile struck near a playground and restaurant in Kryvyi Rih.
“More than 50 people injured and 16 killed, including 6 children. This is why the war must end.”
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5:49
Strike on Zelenskyy’s home city
President Zelenskyy went on in his post to say: “Yes, the war must end. But in order to end it, we must not be afraid to call a spade a spade.
“We must not be afraid to put pressure on the only one who continues this war and ignores all the world’s proposals to end it. We must put pressure on Russia, which chooses to kill children instead of a ceasefire.”
Grandmother ‘burned to death in her home’
Oleksandr Vilkul, head of the city’s defense council, said the missile attack, followed by a drone attack, had killed 19 people, including nine children.
“The Iskander-M missile strike with cluster munitions at the children’s playground in the residential area, to make the shrapnel fly further apart, killed 18 people.
“One grandmother was burnt to death in her house after Shahed’s direct hit.”
Russia’s defence ministry said it had struck a military gathering in a restaurant – an assertion rebutted by the Ukrainian military as misinformation.
“The missile hit right on the street – around ordinary houses, a playground, shops, a restaurant,” President Zelenskyy wrote.
Mr Zelenskyy also detailed the child victims of the attack including “Konstantin, who will be 16 forever” and “Arina, who will also be 7 forever”.
The UK’s chief of the defence staff Sir Tony Radakin said he had met the Ukrainian leader on Friday, along with French armed forces leader General Thierry Burkhard.
“Britain and France are coming together & Europe is stepping up in a way that is real & substantial, with 200 planners from 30 nations working to strengthen Ukraine’s long term security,” Sir Tony wrote.
Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.
The damage it will do is obvious: costs for companies will rise, hitting their earnings.
The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.