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.

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.

Hezbollah has warned Israel against extending its occupation of south Lebanon past the January 26 withdrawal deadline. A US-mediated ceasefire deal gave Israel 60 days to withdraw from south Lebanon and for Hezbollah to move north of the Litani River.