Israel, Lebanon agree to ceasefire, contingent on Hezbollah withdrawal in World Economy News 05/06/2026 The U.S. said on Wednesday evening that Israel and Lebanon had agreed to implement a ceasefire deal, although the deal depends on Hezbollah halting its hostilities. The U.S. Department of State said in a joint statement with Israel and Lebanon that the two countries had agreed to implement the ceasefire after a fourth round of trilateral talks. But the ceasefire is contingent on Hezbollah agreeing to wind down hostilities and exit from South Lebanon. Get more breaking news on the M.East war and its economic impact by subscribing to InvestingPro Israel and Lebanon had agreed to a ceasefire in April which was then extended in May. But violence between the two countries had continued, especially as Israel kept up attacks on Hezbollah, sparking retaliation by the Iran-backed group. The U.S. had on Monday announced an agreement where Israel would stop attacking Hezbollah-controlled suburbs in Beirut, while the group would cease attacks on Israel. Iran has said it will not agree to any peace deals with the U.S. and Israel unless Lebanon is also covered by a ceasefire. Wednesday’s deal comes amid heightened military tensions in the Middle East, especially after the U.S. and Iran traded scores of air strikes over the past week. Iran was also seen halting indirect peace negotiations with the U.S., although several U.S. officials said talks remained ongoing. Source: Investing.com 2026-06-05 hellenicshippingnews... tweet Share