Hezbollah Agrees to US-Brokered Ceasefire Plan with Israel

Lebanon reports that Hezbollah has agreed to a US plan for a mutual halt of attacks on Israel and Beirut. The Lebanese embassy in the US confirmed Hezbollah's acceptance of this proposal.Israeli Prime Minister Benjamin Netanyahu acknowledged the agreement but cautioned that if Hezbollah continues its attacks, strikes on Beirut

US-Iran Ceasefire Reopens Strait of Hormuz, Oil Prices Drop

Iran and the US have reached a ceasefire agreement, contingent upon ensuring "safe passage" through the Strait of Hormuz.Since the US and Israel's assault on Iran on February 28, Tehran had effectively blocked this vital waterway, one of the busiest oil shipping routes globally.Typically, around 20% of the world's oil