Berliner Boersenzeitung - Ceasefire in Israel-Hezbollah war to take effect

EUR -
AED 3.85008
AFN 70.757963
ALL 97.955404
AMD 407.104681
ANG 1.883645
AOA 955.969707
ARS 1055.802012
AUD 1.622193
AWG 1.889403
AZN 1.795578
BAM 1.944323
BBD 2.110193
BDT 124.892774
BGN 1.955857
BHD 0.39511
BIF 3034.57529
BMD 1.048213
BND 1.407266
BOB 7.222504
BRL 6.089167
BSD 1.045101
BTN 88.097292
BWP 14.259102
BYN 3.420345
BYR 20544.965697
BZD 2.106784
CAD 1.47451
CDF 3009.418434
CHF 0.929796
CLF 0.037132
CLP 1024.596131
CNY 7.60169
CNH 7.608708
COP 4616.044989
CRC 534.032391
CUC 1.048213
CUP 27.777632
CVE 110.76984
CZK 25.268843
DJF 186.288527
DKK 7.459075
DOP 63.415504
DZD 140.067679
EGP 52.017374
ERN 15.723188
ETB 129.401876
FJD 2.388908
FKP 0.827372
GBP 0.83466
GEL 2.861414
GGP 0.827372
GHS 16.453302
GIP 0.827372
GMD 74.423426
GNF 9046.074154
GTQ 8.066232
GYD 218.655135
HKD 8.158144
HNL 26.44113
HRK 7.477172
HTG 137.169651
HUF 410.352674
IDR 16691.264721
ILS 3.821086
IMP 0.827372
INR 88.380983
IQD 1373.682528
IRR 44116.647041
ISK 145.103979
JEP 0.827372
JMD 165.035815
JOD 0.743499
JPY 160.493397
KES 135.757471
KGS 90.98635
KHR 4245.260573
KMF 491.559061
KPW 943.390885
KRW 1465.359179
KWD 0.322525
KYD 0.870975
KZT 521.849631
LAK 23023.988297
LBP 93867.432577
LKR 304.347668
LRD 188.494832
LSL 18.909527
LTL 3.095099
LVL 0.634053
LYD 5.130966
MAD 10.517234
MDL 19.100616
MGA 4904.58649
MKD 61.561577
MMK 3404.553427
MNT 3561.82614
MOP 8.377707
MRU 41.839417
MUR 49.600955
MVR 16.195214
MWK 1819.697389
MXN 21.680515
MYR 4.672411
MZN 66.977539
NAD 18.909354
NGN 1773.858758
NIO 38.531971
NOK 11.715311
NPR 140.95527
NZD 1.798596
OMR 0.403563
PAB 1.045141
PEN 3.960409
PGK 4.161423
PHP 61.751234
PKR 291.141349
PLN 4.304378
PYG 8156.011724
QAR 3.816127
RON 4.976889
RSD 116.999422
RUB 110.5659
RWF 1437.099386
SAR 3.938271
SBD 8.795122
SCR 14.25517
SDG 630.494166
SEK 11.524352
SGD 1.412115
SHP 0.827372
SLE 23.795332
SLL 21980.497729
SOS 599.044422
SRD 37.111943
STD 21695.883154
SVC 9.145018
SYP 2633.665293
SZL 18.91016
THB 36.392893
TJS 11.167586
TMT 3.679226
TND 3.319951
TOP 2.45502
TRY 36.315528
TTD 7.106121
TWD 34.062192
TZS 2772.522521
UAH 43.425167
UGX 3872.179958
USD 1.048213
UYU 44.537103
UZS 13448.566691
VES 48.943826
VND 26640.321592
VUV 124.445899
WST 2.926181
XAF 652.120061
XAG 0.03439
XAU 0.000398
XCD 2.832847
XDR 0.799466
XOF 657.751906
XPF 119.331742
YER 261.97454
ZAR 19.055964
ZMK 9435.181668
ZMW 28.820153
ZWL 337.524009
  • RBGPF

    0.8100

    61

    +1.33%

  • CMSC

    -0.1600

    24.57

    -0.65%

  • NGG

    -0.4300

    62.83

    -0.68%

  • RIO

    -0.9500

    62.03

    -1.53%

  • RELX

    0.2400

    46.81

    +0.51%

  • SCS

    -0.1800

    13.54

    -1.33%

  • RYCEF

    0.0300

    6.8

    +0.44%

  • GSK

    -0.1300

    34.02

    -0.38%

  • VOD

    -0.0500

    8.86

    -0.56%

  • AZN

    -0.0400

    66.36

    -0.06%

  • BCC

    -4.0900

    148.41

    -2.76%

  • JRI

    -0.1300

    13.24

    -0.98%

  • BP

    -0.3600

    28.96

    -1.24%

  • CMSD

    -0.1500

    24.43

    -0.61%

  • BTI

    0.3800

    37.71

    +1.01%

  • BCE

    -0.3900

    26.63

    -1.46%

Ceasefire in Israel-Hezbollah war to take effect
Ceasefire in Israel-Hezbollah war to take effect / Photo: SAUL LOEB - AFP

Ceasefire in Israel-Hezbollah war to take effect

US President Joe Biden said a Lebanon truce will take effect early Wednesday, after Prime Minister Benjamin Netanyahu said a ceasefire with Hezbollah would allow Israel to focus its attention on Hamas and arch-enemy Iran.

Text size:

The ceasefire will begin at 4:00 am local time (0200 GMT), Biden said, speaking at the White House after Netanyahu's office announced his ministers had approved the deal.

Ten ministers voted in favour and one against, the Israeli premier's office said.

The United States is Israel's key ally and military backer, and Biden hailed the deal as "good news" and a "new start" for Lebanon.

Netanyahu thanked Biden for his "involvement" in brokering the deal.

The United States, European Union, United Nations and G7 had all pushed for a halt to the fighting between Israel and Iran-backed Hezbollah after more than a year of cross-border fire and two months of all-out war in Lebanon.

Biden and French President Emmanuel Macron said the ceasefire will protect Israel from Hezbollah and create the conditions for a "lasting calm".

The United States and France will ensure the deal was "fully implemented", a joint statement said.

In a televised address ahead of his security cabinet vote, Netanyahu said: "The length of the ceasefire depends on what happens in Lebanon."

The announcement followed the heaviest day of raids on Beirut -- including a spate of strikes in the city's centre -- since Israel stepped up its air campaign in Lebanon in late September before sending in ground troops.

The raids continued after Netanyahu's address, with the central commercial district of Hamra coming under attack.

Pressure for Israel to accept a deal had been steadily mounting, with G7 foreign ministers on Tuesday calling for an "immediate ceasefire".

Lebanese Prime Minister Najib Mikati, after demanding that the international community "act swiftly" to ensure the truce's immediate implementation, said he was committed to strengthening the army presence in the south.

He called the truce a "fundamental step" towards stability.

Biden said the deal was designed to be a "permanent cessation of hostilities" between Israel and Iran-backed Hezbollah.

Under the agreement, the Lebanese army would take control of the border area on their side and "what is left of Hezbollah and other terrorist organisations will not be allowed... to threaten the security of Israel again," he said.

The United States and France would ensure the deal was fully implemented but there would be no US troops on the ground, he added.

Netanyahu said in his speech that Israel would maintain "full" freedom to act, even after the ceasefire.

He said a truce would also permit Israel to redirect its efforts back to Gaza, where it has been at war with Hezbollah ally Hamas since October of last year.

"When Hezbollah is out of the picture, Hamas is left alone in the fight. Our pressure on it will intensify," he said.

The agreement would also enable "focusing on the Iranian threat" and give Israel's military time to resupply, he added.

Iran is the main backer of both Hezbollah and Hamas, as well as other regional proxies that profess to be at war with Israel.

Iran itself has fired two barrages of missiles and drones at Israel since the Gaza war began, most of which were intercepted by Israel or its allies.

A ceasefire has faced some opposition from within Netanyahu's own coalition, with far-right National Security Minister Itamar Ben Gvir warning it would be a "historic missed opportunity to eradicate Hezbollah".

The results of a flash poll by Israel's Channel 12 showed that based on their understanding of the ceasefire proposal, 37 percent of Israelis support the deal, 32 percent oppose it and 31 percent said they were unsure.

- 'Belt of fire' -

Netanyahu's announcement followed a flurry of strikes on central Beirut as well as on Hezbollah's bastion in the southern suburbs.

Lebanon's state-run National News Agency reported that three strikes hit the central Nweiri neighbourhood and destroyed a "four-storey building housing displaced people". The health ministry said the first strike killed seven people and wounded 37.

"We were blown away and the walls fell on top of us," said Rola Jaafar, who lives in the building opposite.

Hezbollah lawmaker Amin Sherri, speaking to reporters at the scene of the first Nweiri strike, accused Israel of "seeking revenge on supporters of the resistance and on all Lebanese" ahead of a ceasefire.

Israel's military warned residents of four neighbourhoods of central Beirut to evacuate, the first such warnings it had issued for the city centre since war escalated in September.

One strike hit the popular shopping district of Hamra, minutes after Netanyahu's speech.

The NNA said Israeli strikes had created "a belt of fire" Tuesday around Beirut's southern suburbs.

The Israeli military said it had attacked Hezbollah targets in Beirut, including "components of Hezbollah's financial system", as well as many others in south Lebanon.

Its troops had also "engaged in close-quarters combat with terrorists" and destroyed hidden weapons caches during raids in the Litani River region.

- 'Serious mistake' -

The war in Lebanon escalated after nearly a year of limited cross-border exchanges of fire begun by Hezbollah.

The Lebanese group said it was acting in support of Hamas after the Palestinian group's October 7, 2023 attack on Israel, which sparked the war in Gaza.

Lebanon says at least 3,823 people have been killed in the country since October 2023, most of them in the past several weeks.

On the Israeli side, the hostilities with Hezbollah have killed at least 82 soldiers and 47 civilians, authorities say.

The initial exchanges forced tens of thousands of Israelis from their homes, and Israeli officials have said they are fighting so they can return safely.

Some northern residents questioned whether that would be possible under a ceasefire.

"In my opinion, it would be a serious mistake to sign an agreement as long as Hezbollah has not been completely eliminated," said Maryam Younnes, 29, a student from Maalot-Tarshiha.

Some demonstrators gathered outside Israel's defence ministry in Tel Aviv on Tuesday evening to protest against a ceasefire.

- School hit in Gaza -

Sustained efforts this year by mediators to secure a truce and hostage-release deal in the Gaza war have failed.

But US Secretary of State Antony Blinken suggested that a Lebanon ceasefire could change that, telling reporters that "by de-escalating tensions in the region, it can also help us to end the conflict in Gaza".

The civil defence agency in the devastated Palestinian territory said Tuesday 22 people were killed in Israeli shelling and strikes, including 11 killed in an attack on a school housing the displaced.

Hamas's October 7 attack on Israel last year resulted in the deaths of 1,207 people, most of them civilians, according to an AFP tally of Israeli official figures.

Israel's retaliatory campaign has killed 44,249 people in Gaza, according to figures from the Hamas-run territory's health ministry that the United Nations considers reliable.

burs-srm/ser

(Y.Yildiz--BBZ)