Huo Xing Finance reports that on June 2, U.S. President Trump is attempting to get the U.S.-Iran negotiations back on track and has engaged in a heated dispute with Israeli Prime Minister Netanyahu over Israel’s escalation of hostilities in Lebanon. On Monday, Iran stated that, given the ongoing conflict in Lebanon, it would suspend negotiations with the United States. Subsequently, Trump posted on Truth Social that he had asked Netanyahu “not to launch a large-scale attack on Beirut, Lebanon,” and claimed to have spoken with representatives of Hezbollah’s leadership, who agreed to cease firing at Israel and its soldiers, and that Israel had also agreed to halt fire. According to ABC, Trump stated he believes an agreement with Iran will be reached “within the coming week” to extend the ceasefire and reopen the Strait of Hormuz. Trump said there was “a minor hiccup” on Monday due to Iran’s dissatisfaction with Israel’s strike in Lebanon, but that he had separately contacted Hezbollah and Netanyahu, urging both sides to stop firing. Axios, citing two U.S. officials and a source familiar with the conversation, reported that Trump expressed strong disapproval during his call with Netanyahu regarding Israel’s military escalation in Lebanon and demanded the cancellation of Israel’s planned strike on Beirut. The source said Trump accused Netanyahu of potentially further isolating Israel internationally. However, Netanyahu later stated that if Hezbollah ceases attacks, Israel will not target Beirut, but the Israeli Defense Forces will continue their planned military operations in southern Lebanon. Following Iran’s announcement of suspending negotiations, Brent crude briefly surged above $97 per barrel, then retraced some gains after Trump’s remarks, ultimately closing up about 4% near $95 per barrel.
Trump Confronts Netanyahu Over Lebanon Conflict, Iran Halts Talks
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Summary
Trump pressed Netanyahu on Israel’s escalation in Lebanon, urging a pause in attacks on Beirut as Iran suspended U.S. talks. Trump claimed to have reached out to Hezbollah and Netanyahu to de-escalate tensions, aiming to extend the ceasefire and reopen the Strait of Hormuz. Netanyahu stated Israel would continue its operations unless Hezbollah ceased its attacks. The conflict briefly pushed Brent crude above $97 before retreating to $95. The CFT framework is facing renewed pressure amid rising geopolitical risks, impacting risk-on assets.
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