With the eruption of Lebanon's economic, financial, and monetary crisis in 2019, and the collapse of the long-standing exchange rate peg of 1,500 Lebanese pounds to the US dollar, the foreign exchange market descended into chaos.
Lebanon is stepping up preparations for a new round of negotiations with Israel, scheduled for June 22 in Washington. President Joseph Aoun is holding a series of high-level political and technical meetings aimed at securing practical results.
Lebanese Hezbollah will respond decisively to any Israeli attack and rely on Iran's continued backing, a Hezbollah MP has said, while sharply criticising the Lebanese government's stance.
Israel and Hezbollah traded blows overnight on June 18 and June 19, while US Vice President J.D. Vance postponed his trip to Switzerland for US-Iran talks on June 19.
ING warns markets are too optimistic on how fast the Strait of Hormuz will reopen under the new US-Iran MoU, with mine clearance and insurance set to slow the return of oil flows for months.
Iran and the US have signed a 14-point MoU ending the war, lifting the naval blockade and setting a $300bn reconstruction plan, with a 60-day window for nuclear and sanctions talks.
Switzerland to host Iran-US preliminary talks on June 20, with Pakistan and Qatar as mediators, following the signing in Evian by Trump.
Israeli AI stock catalogue company Artlist confirmed that it would lay off 200 of its 500 employees in what has been categorised as a strategic move rather than one influenced by financial pressure.
ran's memorandum of understanding with the US commits to ending the war on all fronts including Lebanon, releasing blocked Iranian funds and lifting a blockade, Deputy Foreign Minister Majid Takht-Ravanchi has said.
Relations across the Gulf have been ruined following more than 100 days of war between Iran, Israel and the US with the Gulf neighbours to the south and east of the Islamic Republic left exposed following a new memorandum with the Trump admin.
Israeli politicians from coalition and opposition have condemned the US-Iran memorandum of understanding signed without Israel's involvement, as Tel Aviv shares fell.
Iran's executive vice president Mohammad Jafar Ghaempanah has said the deal with the US will secure all of the country's national interests, hinting at the release of billions in frozen funds.
The US and Iran have agreed to end their war and reopen the Strait of Hormuz, Pakistan said, with President Donald Trump authorising the lifting of the US naval blockade in a deal set to be signed in Switzerland ahead of markets opening on June 15.
Pakistani PM Shehbaz Sharif says a final text of a US-Iran peace deal has been agreed, with Islamabad finalising next steps, as US Vice President JD Vance warns against false claims over the terms.
The United States and Iran have reportedly agreed the text of a memorandum of understanding that would extend their ceasefire, reopen the Strait of Hormuz and open the way to further talks on Tehran’s nuclear programme.
Tehran Friday prayer leader Khatami says the US understands only the language of force, dismisses talks and ceasefires, and warns of a decisive Iranian response to any aggression.
US President Donald Trump says he has cancelled planned strikes on Iran after a deal was approved at the highest level of Iranian leadership, with a naval blockade to stay in force until it is finalised. Iran has not confirmed.
US President Donald Trump says the United States will hit Iran hard and signals an intention to take Kharg Island and Iran's oil infrastructure, comparing the approach to US policy on Venezuela.
Israeli data security company Cyera has raised $600mn in a new funding round at a $12bn valuation, cementing its position as one of Israel's most valuable private technology companies with backers including Accel, Blackstone, and AT&T Ventures.
Trump says there won’t be military conflict between Israelis and Turks “while I am president”.