US and Iran Negotiate Draft Trade Deal Amid Escalating Israel-Lebanon Conflict
The US and Iran are exchanging messages on a draft agreement aimed at extending a ceasefire and reopening the Strait of Hormuz, though progress remains uncertain. Meanwhile, Israel has intensified its ground assault in Lebanon following a fragile truce. Market reactions include rising oil prices and a stronger dollar as clarity on a deal is still lacking.
Topics: ceasefire agreement Israel-Lebanon conflict Strait of Hormuz US-Iran negotiations