Global Tension Eases with Lebanon-Israel Ceasefire, IMF Resumes Venezuela Ties

A 10-day ceasefire between Lebanon and Israel, brokered by Washington, has commenced, signaling a pause in Israel’s conflict with Hezbollah. The U.S. House narrowly blocked a resolution to rein in President Trump’s war powers against Iran. Meanwhile, IMF resumes dealings with Venezuela after a six-year hiatus.

In a significant development, Lebanon and Israel have entered into a 10-day ceasefire, starting on Thursday, following negotiations helmed by the United States. U.S. President Donald Trump communicated with the leaders of Lebanon and Israel, expressing hopes for a potential diplomatic meeting in Washington soon.

Simultaneously, efforts in the U.S. House to limit President Trump’s military engagement with Iran faced a setback. A resolution aimed at curbing Trump's Iran war powers was narrowly defeated, demonstrating the political divide within Congress on military intervention issues.

Elsewhere, the International Monetary Fund has rekindled its engagement with Venezuela after six years, formally acknowledging the interim government of President Delcy Rodriguez amid ongoing socio-economic crises in the South American country.