Israeli PM Netanyahu: Trump determined to continue blockade of Hormuz Strait

Eren Sengezer FXStreet

In a video statement released on Friday, Israeli Prime Minister Benjamin Netanyahu said that they have the opportunity to make a historic deal with Lebanon, per Reuters.

Key takeaways

"I agreed to a temporary ten-day ceasefire with Lebanon."

"Our key demand is that Hezbollah must be dismantled."

"Israel has not agreed to Hezbollah demand to withdraw from southern Lebanon back to intenational border."

"We will remain in Lebanon with an extensive security zone up to the Syrian border."

"President Trump told me he is determined to continue blockade of Hormuz Strait and dismantle Iran's nuclear capabilities."

Market reaction

Markets remain risk-positive in the American session and the US Dollar Index stays in the lower half of its weekly range near 97.80, losing 0.4% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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