That optimism was shared by Lebanese Foreign Minister Abdallah Bou Habib who expressed hope at a G7 meeting in Italy that a ceasefire would be reached by Tuesday night.
Israel's security cabinet is expected to convene later on Tuesday to discuss and likely approve the text at a meeting chaired by Prime Minister Benjamin Netanyahu, the official said.
This would pave the way for a ceasefire declaration by U.S. President Joe Biden and French President Emmanuel Macron, four senior Lebanese sources told Reuters on Monday.
In Washington, White House national security spokesperson John Kirby said on Monday, "We're close" but "nothing is done until everything is done". The French presidency said discussions on a ceasefire between Israel and the Iran-backed Hezbollah had made significant progress.
The agreement requires Israeli troops to withdraw from south Lebanon and Lebanon's army to deploy in the region - a Hezbollah stronghold - within 60 days, officials say. Hezbollah would end its armed presence along the border south of the Litani River.
The proposal has already won approval in Beirut, where Lebanon's deputy parliament speaker Elias Bou Saab told Reuters on Monday there were no serious obstacles left to start implementing it - unless Netanyahu changed his mind.
Signs of a diplomatic breakthrough have been accompanied by a military escalation. Israeli airstrikes on Tuesday demolished more of Beirut's Hezbollah-controlled southern suburbs, while the armed group has kept up rocket fire into Israel.
The widespread destruction left by Israeli airstrikes has brought into focus a huge reconstruction bill awaiting cash-strapped Lebanon, with more than 1 million people displaced and many left homeless heading into winter.
In Israel, a ceasefire will pave the way for 60,000 people to return to homes in the north, which they evacuated as Hezbollah began firing rockets in support of its Palestinian ally Hamas a day after that group's Oct. 7, 2023 assault.
'THE MISSILES ARE CHASING US'
Israel has dealt Hezbollah massive blows since going on the offensive against the group in September, killing its leader Sayyed Hassan Nasrallah and other top commanders, and pounding areas of Lebanon where the group holds sway.
"Regarding the ceasefire, I think it will be implemented. Both sides are tired - both sides are tired," said Selim Ayoub, a 37-year-old mechanic from Beirut's southern suburbs.
Hezbollah launched some 250 rockets on Sunday in one of its heaviest barrages yet. The northern Israeli city of Nahariya came under more rocket fire overnight.
"As we were about to sleep, we suddenly heard a huge explosion, the window in our fortified room was shaking," said Ofir Ben David, who was evacuated earlier in the conflict from the Israeli community of Shomera on the Lebanese border.
"The missiles are chasing us all the time."
Diplomacy to end the fighting has focused on restoring a ceasefire based on U.N. Security Council Resolution 1701, which ended the last major war between Hezbollah and Israel in 2006.
Israel's ambassador to the United Nations, Danny Danon, said on Monday that Israel would maintain an ability to strike southern Lebanon under any agreement.
Lebanon has previously objected to Israel being granted such a right, and Lebanese officials have said such language is not included in the draft proposal.
Two Israeli officials told Reuters that Israel has a side agreement with the U.S. allowing it to take action in Lebanon against "imminent threats."
Senior Hezbollah official Mohammad Raad, writing in a Lebanese newspaper on Tuesday, said it was unlikely Israel would "accept any talk about halting its aggression against Lebanon without pressure or without exhausting the option of using force on the ground".
"However, we will wait and see the results of the indirect negotiations," he wrote.
Hezbollah, seen as a terrorist group by Washington, has endorsed its ally Parliament Speaker Nabih Berri to negotiate.
DEATH TOLL
Over the past year, more than 3,750 people have been killed in Lebanon and over one million have been forced from their homes, according to Lebanon's health ministry, which does not distinguish between civilians and combatants in its figures.
Hezbollah strikes have killed 45 civilians in northern Israel and the Israeli-occupied Golan Heights. At least 73 Israeli soldiers have been killed in northern Israel, the Golan Heights and in combat in southern Lebanon, according to Israeli authorities.
Biden's administration, which leaves office in January, has emphasised diplomacy to end the Lebanon conflict, even as all negotiations to halt the parallel war in Gaza are frozen.
U.S. Middle East envoy Brett McGurk will be in Saudi Arabia on Tuesday to discuss using a potential Lebanon ceasefire as a catalyst for a deal to end hostilities in Gaza, the White House said.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 27 June, covering the latest developments you need to know.
Protesters gathered in Beirut’s southern suburbs after Lebanon and Israel signed a framework agreement in Washington aimed at ending fighting between Israel and Iran-backed Hezbollah.
The UN's International Maritime Organization has paused escort operations through the Strait of Hormuz after a cargo ship was reportedly attacked near Oman, with two U.S. officials accusing Iran of the attack.
Israel and Lebanon are discussing a U.S.-backed proposal that would see Israeli forces withdraw from parts of southern Lebanon and transfer control of those areas to the Lebanese army, according to officials from both sides.
Tens of thousands of people are still unaccounted for after two powerful earthquakes struck Venezuela. At least 589 people have been confirmed dead and hundreds are believed to be trapped under rubble, as emergency crews and international rescue teams race to respond.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran unless Congress formally authorised military action.
Japan remained on high alert Saturday as Typhoon Mekkhala approached the eastern coast after Typhoon Higos weakened into a tropical depression. Authorities warned of continued heavy rain, flooding, and landslides, according to media reports.
France said on Saturday it was considering taking reciprocal measures after Burkina Faso broke off diplomatic relations.
ANEWZ can exclusively report that European Commission President Ursula von der Leyen is expected to visit Azerbaijan on 1 July.
Venezuela’s government said on Saturday that 1,600 foreign rescue personnel have arrived to assist in the search for survivors of the devastating twin earthquakes that killed more than 900 people this week.
Australia said it would double the maximum penalty it can impose on tech firms found to have failed to uphold a groundbreaking social media ban for children, as evidence mounts that the ban has had little effect on teen use.
France said on Saturday it was considering taking reciprocal measures after Burkina Faso broke off diplomatic relations.
Ukrainian-made Flamingo missiles hit a plant producing artillery systems and components for missile launch systems in Russia's Volgograd region overnight, President Volodymyr Zelenskyy said on Saturday.
A light aircraft crash into a high-rise building in Beijing's Chaoyang district on Friday killed one person and injured 13, the district government said on Saturday in a statement posted on its social media account.
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