Lebanese President Joseph Aoun declared Lebanon is entering a 'new phase' following the ceasefire with Israel, with the government actively working toward what he described as 'permanent agreements' to replace the current truce arrangement. The statement signals Beirut's intent to formalize security arrangements beyond the temporary cessation of hostilities that ended recent fighting. The push for lasting agreements reflects a broader Lebanese state objective: reasserting sovereign military control over its southern territory, an area where Hezbollah has historically operated independently of the central government. That structural dynamic, armed non-state actors operating parallel to state authority, has been the core obstacle to durable peace arrangements in prior ceasefires. The practical test will be whether Beirut can translate diplomatic language into enforceable ground-level control, and whether Israel accepts formal agreements in lieu of continued pressure. Investors and regional operators should watch for any internationally brokered framework, particularly involving the U.S. or France, which have historically served as guarantors in Lebanese security arrangements.
Venezuela's earthquake death toll has reached 1,430 with the US Geological Survey warning fatalities could top 10,000, placing it among Latin America's deadliest in a century. US military planes are landing in Caracas, Washington is mobilising $150 million in aid, and rescue teams from 17 countries are on the ground.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.