Lebanon Crisis: Israel and Hezbollah agreed a ceasefire after deadly strikes, but fighting flared again almost immediately, with Lebanon reporting at least 47 killed in Friday’s bombardment and five more deaths in renewed Saturday strikes; Israel said it hit dozens of Hezbollah targets and kept forces in southern Lebanon. US-Iran Deal Fallout: The US and Iran’s memorandum to end the wider war is being hailed as a path to reopen the Strait of Hormuz and ease regional tensions, but talks in Switzerland were postponed amid the Lebanon escalation, while US lawmakers warned key security gaps remain. Markets & Energy: Oil slipped below $80 as shipping resumed through Hormuz, easing pressure on inflation expectations, while central banks like the Bank of England kept rates at 3.75% and stressed uncertainty from volatile energy prices. Regional Ripples: The deal is expected to restart Gulf hiring, with reports pointing to a likely return of tens of thousands of Indian workers; meanwhile, Iran’s World Cup team complained about US visa restrictions. Geopolitics Beyond the Front Lines: Turkey-Israel tensions sharpened as Erdogan warned that Turkish security reaches Beirut, and analysts flagged the IRGC’s business role as a major factor in any sanctions relief.