Israeli Prime Minister Netanyahu on Tuesday night announced he has agreed to a ceasefire agreement with the Lebanese Hezbollah.

In announcing the ceasefire deal, Netanyahu said the length of the ceasefire depended on Hezbollah. “We will maintain full freedom of movement… if Hezbollah moves rockets into position we will attack.”

Before the announcement, the Zionist regime launched massive air raids on the Lebanese capital Beirut.

Hezbollah also resumes rocket fire on sensitive facilities inside Israel.

In a televised address, Netannyhu admitted that lack of weapons was one of the reasons behind accepting ceasefire with Hezbollah, saying his regime intends to "replenish depleted arms supplies and give the army a rest."

The accord, clearing the way for an end to a conflict that has killed thousands of people since it was ignited by the Gaza war last year, was brokered by the United States and France and was expected to take effect on Wednesday.

A senior Hezbollah official said on Tuesday that the Lebanese resistance movement will remain active after its war with Israel ends, including by helping displaced Lebanese return to their villages and rebuilding areas destroyed by Israeli strikes.

"From now, we confirm that the Resistance (Hezbollah) will remain, will continue, will carry on," Hassan Fadlallah, who is also a member of Lebanon's parliament, told Reuters in an interview.

"And the proof of that is that when Israel's aggression against Lebanon ends, then the Resistance that was fighting in the battlefield will itself be working to help its people to return (home) and to rebuild," he said.

Fadlallah said that Hezbollah's health, social and developmental institutions were prepared "for the day after" and would coordinate with the Lebanese state to shelter the displaced, remove rubble from damaged areas, bury victims and help with reconstruction.