Trump says Iran will 'never have nuclear weapon' under deal and criticises Israel over Lebanon

Key Points:

• Brent crude oil prices have fallen below $80 a barrel for the first time since March, dropping to $79.90 amid hopes that a US-Iran deal will lead to the reopening of the Strait of Hormuz, a vital shipping route.
• US President Donald Trump emphasized that the deal aims to prevent Iran from acquiring nuclear weapons and described it as a "wall against a nuclear weapon," contrasting it with the 2015 JCPOA agreement.
• Despite the deal announcement, vessel traffic through the Strait of Hormuz remains low, with only seven ships transiting since the deal was announced, far below pre-conflict levels of over 100 daily crossings.
• The deal has sparked political challenges for Israeli Prime Minister Benjamin Netanyahu, who faces criticism as the agreement potentially strengthens Iran's position and demands Israel cease attacks on Hezbollah in Lebanon.
• Conflicting statements have emerged from US and Iranian officials regarding economic commitments, control of the Strait of Hormuz, and the situation in Lebanon, with the full details of the memorandum of understanding expected to be released soon.