Most major stock markets in the Gulf rose in early trade, buoyed by hopes for a potential ceasefire deal between Israel and Hezbollah, Rueters reports.

Lebanon’s prime minister expressed hope yesterday that a ceasefire deal with Israel would be announced within days as Israel’s public broadcaster published what it said was a draft agreement providing for an initial 60-day truce.

The push for a ceasefire for Lebanon is taking place alongside a similar diplomatic drive to end hostilities in Gaza.