Hezbollah Rejects Ceasefire Terms; Oil Prices Fall
Hezbollah rejected a U.S.-backed ceasefire between Israel and Lebanon, calling the terms insulting and demanding full Israeli withdrawal. Oil prices dropped more than 2.8 percent on optimism that broader conflict with Iran may ease.
abcnews.go.comHezbollah rejected the latest ceasefire agreement between Israel and the Lebanese government on Thursday, describing the terms as absurd, humiliating and insulting. The group demanded a full Israeli withdrawal from Lebanon before any deal. Israeli strikes continued to hit Lebanon despite the proposed agreement.
Brent crude futures fell 2.8 percent to close at $95.03 per barrel, and West Texas Intermediate futures dropped 3.1 percent to $93.04 per barrel. Oil prices cooled further in early Asian trading on Friday.
Trump said he would be honored to meet Iran's Supreme Leader Ayatollah Mojtaba Khamenei if a deal can be reached. The Wall Street Journal reported that the president was reluctant to resume a full-scale war with Tehran. Bitcoin fell to its lowest level since the Iran war began, briefly dipping below $62,000 before steadying near $63,719.
Broadcom shares tumbled about 15 percent after the company missed revenue expectations, pulling the Nasdaq lower even as other major indexes rose.
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