There was celebratory gunfire on the streets of Lebanon's capital of Beirut as a ceasefire between the country's militant group Hezbollah was reached with Israel. But how the newly-brokered deal will hold up and shake out for the wider region remains to be seen.

Israel and Lebanon-based Hezbollah militants began a ceasefire Wednesday in a major step toward ending nearly 14 months of fighting as a region on edge wondered whether it will hold.

A ceasefire between Israel and Iran-backed group Hezbollah came into effect at 0200 GMT on Wednesday after U.S. President Joe Biden said both sides accepted an agreement brokered by the United States and France.