Israel approved a United States-brokered ceasefire agreement with Lebanon's Hezbollah on Tuesday, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip.

NBC News' Andrea Mitchell reports on how a ceasefire deal between Israel and Hezbollah in Lebanon could impact the situation in Gaza and negotiations for a similar deal with Hamas.

Israel and Lebanon's Hezbollah on Tuesday agreed to a permanent ceasefire in cross-border hostilities. "Effective at 4:00 a.m. tomorrow, local time, the fighting across the Lebanese-Israeli border will end,