Hezbollah is considering a US-Israeli ceasefire proposal, sources told CNN, as diplomatic efforts to end the conflict between Israel and the Lebanese militant group intensify.

A top Iranian official has pledged his country’s unwavering support for Lebanon after talks with Lebanese leaders on the ongoing war between Israel and Hezbollah.

A top Iranian official has held talks with Lebanese leaders on the ongoing war between Israel and Hezbollah, which came as the United States is actively pushing both sides to agree to a new cease-fire

Lebanon's caretaker prime minister on Friday asked Iran to help secure a cease-fire in the war between Israel and Hezbollah and appeared to urge it to convince the militant group to agree to a deal that could require it to pull back from the Israel-Lebanon border.

The World Bank estimated that about $8.5 billion worth of damages and losses have piled up from the year-long war in Lebanon, which had already been struggling with a devastating economic crisis.

The Israeli military pounded Beirut's southern suburbs with airstrikes on Tuesday, mounting one of its heaviest daytime attacks yet on the Hezbollah-controlled area, and struck the middle of the country where more than 20 people were killed.

A senior adviser to Iran's supreme leader Ayatollah Ali Khamenei met Lebanese officials in Beirut Friday, the third high-profile Iranian solidarity visit since the Israel-Hezbollah war began in September.

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher as the conflict continues.

In addition to supporting Hamas, Iran is a main backer of Hezbollah and for decades has been funding and arming the Lebanese militant group.