A ceasefire between Israel and Hezbollah has taken effect, but displaced Lebanese civilians are holding back from returning home, wary of conditions on the ground and uncertain about the agreement's durability. Evacuees are waiting for clearer signals before risking a journey back to villages that sustained heavy damage during the conflict. The hesitation reflects a wider pattern seen in prior Lebanon ceasefires: populations remain skeptical until tangible enforcement mechanisms and physical safety are confirmed. The ceasefire's terms, as reported, have not been fully communicated to those most directly affected, leaving a gap between the diplomatic announcement and ground-level reality. Reconstruction needs, access routes, and the presence of armed actors in southern Lebanon are the practical variables civilians are weighing. Observers will be watching whether the agreement holds through the early days, which historically determine whether displaced populations begin returning in meaningful numbers or whether a breakdown reignites flight.
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.