President Trump announced that he expects to finalize an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz within the next week. Despite a minor incident related to Israel's attack on Lebanon, Trump intervened by contacting Hezbollah and Israeli Prime Minister Netanyahu to halt further hostilities. He emphasized that a peace agreement with Iran could surpass the benefits of a military victory. While the memorandum of understanding is not yet signed, Trump is optimistic about resolving outstanding details soon.