Israel & Lebanon to Hold Talks, Strait of Hormuz Still Closed, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Dan Schwartzman. More details emerging on the upcoming direct talks between Israel and Lebanon. Negotiations will begin next week at the State Department in Washington, with Israel represented by Ambassador to the U.S. Yechiel Leiter, while Lebanon will be represented by its Ambassador to Washington, Nada Hamadeh Moawad. That's according to Axios' Barak Ravid. Israeli Prime Minister Benjamin Netanyahu announced direct talks would occur, saying, quote, in light of Lebanon's repeated calls to open direct negotiations with Israel, I instructed the cabinet yesterday to open direct negotiations with Lebanon as soon as possible. Meanwhile, Israel continues its assault of Hezbollah, with Defense Minister Yisrael Katz saying over 200 Hezbollah militants were killed on Wednesday, with 1,400 Hezbollah militants killed since the start of operations.
Retired American Colonel Wayne Sanders with Bloomberg Intelligence talked about Hezbollah.
Hezbollah is the most effective proxy for Iran. They fund and train and equip Hezbollah for a lot of things that they've done. So the fact that they're willing to come to the table does say a lot, but it will play a huge part in how Iran actually views this as part of that discussion.
That's retired Colonel Wayne Sanders with Bloomberg Intelligence. The White House says the U.S. will hold direct talks with Iran and Islamabad Pakistan starting on Saturday, with Vice President J.D. Vance expected to lead the American delegation. Both sides so far have appeared to have paused strikes across the region after President Trump's announcement of a truce after nearly six weeks of fighting. The situation in the Strait of Hormuz is little changed, even as a handful of Chinese vessels lined up to exit the Gulf. Iran said earlier that any ships wanting to pass through will need army approval. Iran's ports and maritime organization published two safe routes for shipping, but ship owners continue to wait for clarification on the status of the crucial waterway.
Right now, more than 800 freighters are stuck, with just three ships observed leaving the region on Wednesday. Ship tracking data compiled by Bloomberg shows, in normal times, about 135 vessels cross daily. NATO Secretary General Mark Rutte spoke in Washington today after meeting privately with President Trump Wednesday evening. Rutte says Europe will have to take more responsibility in the alliance.
Europe is assuming a greater and fairer share of the task of providing for its conventional defense. And from that, there will be no going back and nor should there be. This is a move from unhealthy codependence to a transatlantic alliance grounded in true partnership.
Rutte also admitted that some NATO allies may have dragged their feet when the U.S. asked for some assistance.
When it came time to provide the logistical and other support the United States needed in Iran, some allies were a bit slow, to say the least. In fairness, they were also a bit surprised.
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