Moody’s also stresses that the ceasefire agreement could have positive consequences far from Israel’s borders: "For the broader Middle East region, a durable ceasefire would reduce tail risks stemming from escalation that resulted in a full-scale conflict between Israel and Iran."

The ceasefire agreement between Israel and Palestinian militant group Hamas in Gaza reduces the risks to Israel's public finances and could improve its sovereign credit rating, the major credit rating agencies said on Tuesday.

The Israel-Palestine-Hamas conflict remains one of the most complex and enduring disputes in modern history. It is deeply rooted in centuries of territorial,

The Israel-Hamas ceasefire appears to be holding as many Palestinians venture to where their homes once stood to dig in the rubble. CBS News' Elizabeth Palmer reports.

Even surrounded by death, Gaza surged back to life as the ceasefire came into effect. Street markets re-opened, buzzing with activity as about two million residents tried to return to their homes and pick up the pieces.