Israel PM Netanyahu says he agreed to a temporary ten-day ceasefire in Lebanon; has not agreed to Hezbollah demand to withdraw from South Lebanon
- Will remain in Lebanon with an extensive security zone up to the Syrian border.
- Trump told him he is determined to continue the Blockade of Hormuz and dismantle Iran's nuclear capabilities.
Context
The announcement of a temporary ceasefire in Lebanon highlights a nuanced approach to regional tensions, as Netanyahu maintains military presence and security measures. This could imply continued volatility in energy markets and potential risk-off sentiment, particularly impacting USD and commodities as conflicts simmer near vital shipping lanes like Hormuz.
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