The U.S. State Department released a six-point memorandum of understanding underpinning the 10-day ceasefire agreed to by Lebanon and Israel on Thursday.

The agreement says the ceasefire may be extended by mutual agreement if there is progress in negotiations and Lebanon "effectively demonstrates its ability to assert its sovereignty."

The agreement also stipulates that "Israel shall preserve its right to take all necessary measures in self-defense, at any time, against planned, imminent, or ongoing attacks.”

Under the agreement, Israel says it will not carry out any offensive military operations against Lebanese targets and Lebanon says it will take "meaningful steps" to prevent Hezbollah from carrying out attacks on Israeli targets.

-ABC News' Shannon Kingston

The Israel Defense Forces said it is still striking Lebanon after what it says was a launch from Hezbollah a short time ago.

"The IDF is currently striking launchers from which the Hezbollah terrorist organization launched rockets to northern Israel a short while ago," the IDF said in a statement Thursday.

Israeli forces have killed at least 2,196 people and wounded another 7,185 in Lebanon since March 2, according to the Lebanese Ministry of Public Health.

In the past 24 hours, 29 people were killed and 124 others were injured, the health ministry said Thursday.

Among those killed since March 2 were 172 children and 93 health care workers. Meanwhile, another 661 children and 225 health care workers were among the injured, according to the health ministry.

-ABC News' Ghazi Balkiz

Hezbollah commented on the ceasefire reached between Israel and Lebanon, saying conditions must return to what they were prior to March 2.

"A ceasefire must include a comprehensive halt to attacks across all Lebanese territory, with no freedom of movement for Israeli forces, and a return to the situation prior to March 2," Hezbollah's press office said in a statement.

"The continued Israeli occupation of Lebanese territory grants Lebanon and its people the right to resist," Hezbollah said.

Israel and Lebanon have agreed to a 10-day ceasefire, President Donald Trump announced in a post on social media.

"These two Leaders have agreed that in order to achieve PEACE between their Countries, they will formally begin a 10 Day CEASEFIRE at 5 P.M. EST," Trump wrote in the post.

This comes after Lebanon and Israel met in Washington, D.C. for talks earlier this week.

Trump added that he will invite Lebanon's President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu to the White House for "the first meaningful talks between Israel and Lebanon since 1983, a very long time ago."

"Both sides want to see PEACE, and I believe that will happen, quickly," Trump said.