The most likely impact of the two ceasefires is for all parties to avoid returning to war. The risk of one blown ceasefire leading to another will weigh heavily on their minds.

The ceasefire agreement that paused the war between Israel and the Hezbollah militia in Lebanon will likely be extended when it expires next week, according to several people familiar with the matter.

The ceasefire agreement between Israel and the Hezbollah militia in Lebanon is expected to be extended when it comes up for renewal next week. according to Bloomberg.

Hezbollah has warned Israel against extending its occupation of south Lebanon past the January 26 withdrawal deadline. A US-mediated ceasefire deal gave Israel 60 days to withdraw from south Lebanon and for Hezbollah to move north of the Litani River.