The cabinet approved the ceasefire following two months of intensified attacks on Lebanon, Israeli Channel 12 reported.
Speaking in a televised address on Tuesday, 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.”
“We will respond forcefully to any violation,” he added.
Netanyahu, however, said he would bring the full cabinet an outline of the ceasefire deal with Hezbollah for final approval.
He said the ceasefire agreement means that Israel can now focus on the “Iranian threat”, adding, “We are changing the face of the region.”
Netanyahu said the ceasefire will also allow the Israeli military to take a rest and to focus on the Gaza Strip and "intensify" pressure on Hamas.
The United States and France are expected to announce the ceasefire deal in a joint statement.
Lebanon's parliament is expected to meet on Wednesday morning to discuss the agreement.
Hezbollah has previously said that a total end to Israeli aggression and protection of Lebanon’s sovereignty were its conditions for accepting any ceasefire deal.
Press TV