Two Israeli officials said the meeting of the political security cabinet ended without a decision on a ceasefire in Lebanon, according to Axios's Ravid
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Iranian politician affiliated with Resistance Front of Islamic Iran, Mohsen Rezaei says they will not leave the Strait of Hormuz until the full realisation of Iran's rights, adds that this time, Iran has set preconditions
Lebanese officials say a ceasefire between Israel and Lebanon is expected 'soon', according to FT
Two Israeli officials said the meeting of the political security cabinet ended without a decision on a ceasefire in Lebanon, according to Axios's Ravid
Explosion was reported in Iraq's Kurdistan region in Sulaymaniyah province amid drone attack
Israeli and Lebanese ambassadors said during their talks yesterday that they would speak to their bosses about ceasefire proposal, according to Axios's Ravid citing a US source
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Context
The lack of a decision on a ceasefire in Lebanon suggests ongoing tensions in the region, which could keep energy prices elevated and lead to volatility in safe-haven assets like gold. Market participants might view this as an escalation risk, particularly impacting currencies like the USD and JPY, which often respond to geopolitical instability. Investors should remain cautious as developments could lead to broader market repercussions in commodities and forex.
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