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.

Lebanon's Hezbollah is trying "to regain strength and rearm with the assistance of Iran," Israel's U.N. ambassador told the Security Council on Monday, declaring that the militants remain a "serious threat" to Israel and regional stability.

Negotiations have been taking place on extending the January 27 deadline to ensure the conflict isn’t resumed.

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.