Donald Trump announced on X (formerly Twitter) that he has brokered a ceasefire agreement between Israel and Hezbollah, marking a potential de-escalation in Middle Eastern tensions. Trump stated he discussed the matter with Israeli Prime Minister Benjamin Netanyahu, asking him to avoid a major military operation in Beirut, Lebanon, after which Israel deployed forces in response to Hezbollah's cross-border attacks.
According to Trump's statement, representatives of Hezbollah leadership agreed to halt fire against Israel and its military personnel, with Israel reciprocating the ceasefire commitment. The U.S. president expressed cautious optimism about the agreement's durability, stating: "Let's see how long this lasts — I hope forever."
The ceasefire announcement comes as ABC reported that a memorandum of understanding between Iran and the United States could be finalized as early as next week. Reduced geopolitical risk in the Middle East typically weighs on crude oil prices, a key factor for cryptocurrency markets given their correlation with traditional macroeconomic conditions and risk sentiment.