President Trump announced that the US has "forbidden" Israel from continuing to bombard Lebanon after a 10-day ceasefire agreement between the two sides came into effect.
Brent crude traded around 98 USD per barrel, up nearly 5%, while the S&P 500 and Nasdaq Composite indices achieved new highs for the second consecutive session.
Satellite images indicate Iran is clearing debris and unblocking entrances to underground bases housing missile launchers during a ceasefire with the United States.
Chinese President Xi Jinping has presented a four-point proposal to advance peace in the Middle East, stating that China will play a constructive role in resolving regional issues.
The Israeli military planted explosives in structures, flattening at least three villages during an offensive in southern Lebanon, according to the Guardian.
The Wall Street Journal, citing US intelligence reports, states Iran still possesses thousands of ballistic missiles, despite the Pentagon's claim that Tehran's missile program was "destroyed."
