Hormuz Oil

President Trump described the Lebanon war as a “minor conflict” and suggested Syria handle Hezbollah, while the Israeli Air Force chief confirmed a major strike on Iran was called off one hour before departure on June 8. The US-Iran memorandum of understanding is set for signing in Geneva on Friday, with both sides preparing for immediate follow-on talks. Hezbollah rocket attacks on Israeli troops in southern Lebanon continued, and Israeli drone strikes near Nabatieh killed four, according to Lebanese media.