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The between and is intended to be a lasting resolution to their longtime dispute, the draft seen by Reuters on Wednesday said.

It will enter into force once Lebanon and Israel send letters to the United States indicating their agreement, after which Washington will issue a notice to both officially announcing the deal is in place.

On the day it sends that notice, Lebanon and Israel will then simultaneously send identical coordinates to the United Nations laying out the location of the maritime boundary.

The deal represents the first significant diplomatic breakthrough between the two countries in years, but it remains relatively limited in scope and does not resolve the longstanding dispute over their land border.

It stipulates that a controversial line of buoys extending from that contested border would remain in place.

It said the parties to the deal would seek to resolve any further maritime differences through the United States, securing an ongoing guarantor role for Washington.

Israel, Lebanon and the United States all hailed the deal as a historic achievement on Tuesday.

Top Israeli ministers agreed on Wednesday that the maritime agreement should be greenlit speedily, a government statement said after their meeting, without specifying if there would be a parliamentary review.

US President Joe Biden spoke with the leaders of Israel and Lebanon on Tuesday to congratulate them over what the United States sees as a historic breakthrough over the two countries' maritime border.

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"There is importance and urgency to reaching a maritime deal between Israel and Lebanon at this time. The security cabinet ministers voiced support for the government moving ahead with the processes for approving the deal," the statement said.Ìý

Prime Minister government wants the deal done soon but has denied that the 1 November election is the deadline.

Some officials cited imminent plans to extract at Israel's Karish gas rig, others the fact that Lebanese President steps down at month's end.

"There's a good chance that for months or maybe more there won't be a president in Lebanon, and only the president can sign that kind of agreement," Israeli Internal Security Minister Omer Barlev told Ynet Radio.

(Reuters)