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Iran's military has ceased strikes against Israel, the Ministry of Foreign Affairs told CNBC on Monday, but Tehran warned it would resume hostilities if the IDF continues operations in Lebanon.

Iran and Israel traded strikes on Sunday night for the first time since a ceasefire was agreed in April. The Islamic Republic fired missiles towards northern Israel after accusing Jerusalem of repeatedly violating the truce through its strikes on Lebanon, which included an attack on Beirut's southern suburbs on Sunday.

U.S. President Donald Trump insisted the negotiations would continue, despite the fragile truce spilling over.

"Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on "Peace" are proceeding, subject to ignorance or stupidity getting in its way. The Blockade will remain in place, and in full force and effect, until a "Final Deal" is reached. Things should move quickly," Trump wrote on Truth Social on Monday.

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Read Original at CNBC