For many across the Middle East, the Israel-Hezbollah ceasefire came as a relief: the first major sign of progress in the region since war began more than a year ago.

In what might be his final achievement as president, Joe Biden, his diplomats, and their French counterparts have brokered a ceasefire in the increasingly brutal yearlong war between Israel and Hezbollah’s Islamist militia in Lebanon.

President Biden says his administration is making "another push" to end the war in Gaza after the U.S. helped broker a ceasefire between Israel and Hezbollah that took effect Wednesday. CBS News foreign correspondent Debora Patta has more from Jerusalem.

Slavin said Hezbollah’s enduring power made a ceasefire in Lebanon an attractive prospect for Israel. What remains of Hamas’ organized forces is unclear, but it was apparent this week that Hezbollah remains intact, if diminished — and that it is still capable of firing missiles at Israel.

The agreement with Lebanon will maintain Israel's freedom of operation there to act in defence to remove threats posed by Hezbollah and enable displaced residents to return safely to their homes in northern Israel, Israeli government spokesperson David Mencer told Reuters.

The ceasefire agreed between Israel and Hezbollah in Lebanon is good news not just because it promises to bring the terrible bloodshed of the past few months to an end. It also represents a major setback for Iran,