Trump Claims Israel-Hezbollah Ceasefire as Iran Suspends U.S. Talks Amid Escalating Mideast Tensions
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- •U.S. President Donald Trump announced on June 1, 2026, that Israel and Hezbollah had agreed to stop fighting, with Israel calling off a planned raid on Beirut and Hezbollah halting all attacks.
- •Iran suspended all dialogue with the U.S. through mediators on June 1, 2026, in response to Israel’s Lebanon offensive, and threatened to block the Strait of Hormuz and activate other maritime fronts.
- •The Israeli military reported intercepting two projectiles from Lebanon into northern Israel early on June 2, 2026, despite the ceasefire claim.
- •Oil prices showed volatility, with Brent crude at $95.04 per barrel and WTI at $91.99 per barrel, amid uncertainty over U.S.-Iran talks and potential oil supply disruptions.
- •Asian stock markets opened cautiously on June 2, 2026, with declines led by South Korea and Japan, reflecting investor anxiety over the Middle East conflict.
United States President Donald Trump announced on Monday, June 1, 2026, that Israel and Hezbollah had agreed to halt all hostilities, following intense diplomatic efforts. Trump stated on Truth Social that he had spoken directly with Israeli Prime Minister Benjamin Netanyahu and had a “very good call” through unnamed intermediaries with Hezbollah representatives. According to the U.S. President, Netanyahu agreed to call off a planned military operation targeting Beirut, while Hezbollah pledged to cease all firing activities. Trump also noted that negotiations with Iran were progressing rapidly, despite earlier setbacks linked to Israel’s military actions in Lebanon.