The Israeli political-security cabinet will approve the U.S. initiative regarding Lebanon and the U.S. arrangements have reached the final stages of drafting, the Israeli Public Broadcasting Corporation reported on Wednesday.

"Israel has alternative operational plans if Lebanon rejects the U.S. proposal," the report said.

Israel's new defense minister told senior commanders Wednesday that there would be no easing-up in the war against Hezbollah as he toured the northern border with Lebanon.

"We will make no ceasefires, we will not take our foot off the pedal, and we will not allow any arrangement that does not include the achievement of our war objectives," Defense Minister Israel Katz said. "We will continue to strike Hezbollah everywhere."

Hezbollah said it launched a drone attack targeting Israel's military headquarters and ministry of defense in the city of Tel Aviv on Wednesday.

In a statement, the Lebanese militant group said it conducted an "aerial attack with a squadron of exploding drones" on the site housing Israel's main defense institutions in the commercial hub.

Despite the military escalation that Lebanon witnessed over the past hours, it seems that “signs of hope are looming on the horizon,” the Saudi-owned Al-Arabiya television reported on Wednesday.

Any settlement that “does not guarantee Lebanon's sovereignty” cannot be accepted, Egyptian Foreign Minister Badr Abdelatty said after meeting Speaker Nabih Berri in Beirut.

“We are communicating with (U.S. Secretary of State Antony) Blinken and (U.S. mediator Amos) Hochstein to speed up the ceasefire in Lebanon,” Abdelatty added.

Hezbollah lawmaker Hassan Fadlallah said Wednesday that the second phase of Israel’s ground operation in south Lebanon “will not give it the victory image it is seeking” after “its failure in the first ground campaign.”

The European Council has adopted an assistance measure under the European Peace Facility (EPF) worth €15 million to the benefit of the Lebanese Armed Forces (LAF), the EU Delegation to Lebanon said.

Speaker Nabih Berri has stressed that only U.N. Security Council Resolution 1701 (2006) should be present on the table of negotiations, adding that “both sides should work on implementing its stipulations and commit to them, not only the Lebanese side.”

Hezbollah’s leadership has been informed that Iran has pledged to rebuild war-hit south Lebanon, Beirut’s southern suburbs and the Baalbek-Hermel region, sources told Kuwait’s al-Anbaa newspaper.

The timing of the Lebanese Army’s deployment in the area south of the Litani River is among the points of contention in the negotiations, informed sources told the Israeli Public Broadcasting Corporation.