A New Chapter for Middle East Peace: US Facilitates 10-Day Israel-Lebanon Ceasefire to Lay Groundwork for Long-Term Negotiations

The US State Department announced that Israel and Lebanon have agreed to implement a 10-day ceasefire starting at a specified time. This aims to create conditions for negotiations on a permanent security and peace agreement. The agreement requires Lebanon to prevent attacks by armed groups within its territory against Israel and can be extended upon mutual consent. All parties reaffirmed that Lebanon's security forces bear sole responsibility for national sovereignty.

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Hezbollah Lawmaker: Ceasefire Hinges on Israel Halting Hostilities

Hezbollah lawmaker Hassan Fadlallah stated that Iran's ambassador to Lebanon informed Hezbollah of a potential week-long ceasefire. Fadlallah emphasized that adherence depends entirely on Israel committing to halt all hostilities. Hezbollah has not yet formally responded to the U.S. President's claim of a 10-day temporary ceasefire agreement between Israel and Lebanon.

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BOE Member: Market Rate Expectations Now More Rational, Policy Decisions Must Navigate Uncertainty

BOE policy committee member Taylor stated that market expectations for rate changes have aligned more closely with the central bank's likely path, after previously being overly aggressive. He emphasized that policymakers must be open to revising decisions in an uncertain economic climate, where both raising rates and holding steady carry risks. An ECB official echoed this view.

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