From Haaretz:

The parties involved in diplomatic negotiations for a UN-brokered cease-fire resolution aimed at ending the fighting in Lebanon reached a breakthrough Thursday, paving the way for the stationing of international troops in Lebanon as part of a package which would end the month-long confrontation between Israel and Hezbollah. The UN Security Council will convene Friday to discuss the new proposal, which has been agreed to by the United States as well as France. The sides are currently putting the finishing touches on the final wording of the resolution. The revised draft calls for a “progressive” Israeli withdrawal, a senior Lebanese political source said on Thursday.

More:

The resolution will stop short of requiring peacekeepers to disarm Hezbollah but will call for an embargo to prevent the group from bringing in arms from Iran and Syria, a senior Israeli official said on Thursday.
The official, who spoke on condition of anonymity, said the resolution would also call for creation of “an emboldened UNIFIL”, the UN force currently in Lebanon and long derided by Israel as ineffective.
But the official said: “The (international) force will not have any mandate to disarm Hezbollah.”
The official added that the resolution would also include “an embargo that will prevent the supply of arms to Lebanon that are not for the Lebanese army.”