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Israel and Hezbollah agree to renew ceasefire

Jerusalem: Israel and the Iran-backed Hezbollah militant group agreed on Friday to halt the heavy fighting in southern Lebanon that had threatened to unravel an interim peace agreement between the United States and Iran, officials said. Neither Israel nor Hezbollah immediately confirmed the truce.

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The Strait of Hormuz will soon be open for business again – but business will never be the same again | The National

This week the US and Iran signed a memorandum of understanding to end their confrontation. The blockade of Iranian ports is expected to be lifted, the Strait of Hormuz is expected to reopen within days and Qatar has already begun moving its tankers back towards Ras Laffan. The immediate reaction across energy market…

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