Diplomats and other officials say there have been several sticking points in ceasefire talks in the war between Israel and the Lebanese militant group Hezbollah, even as conditions for an agreement appear to be ripe.

Oil prices fell around 2% on Monday after Axios reported that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing an unnamed senior U.S. official. Brent crude futures were down 2.

Israeli Prime Minister Benjamin Netanyahu approved the emerging ceasefire deal with Hezbollah “in principle” during a security consultation with Israeli officials Sunday night, a source familiar with the matter said.