US Proposes 60-Day Ceasefire in Lebanon, Offers to Release Iran's Frozen Assets and End Maritime Blockade

Published: May 27, 2026 20:57

Save

According to the draft, the US will commit in the first phase to a comprehensive 60-day ceasefire on all fronts, particularly within Lebanon. The release of a substantial portion of Iran's frozen assets and the ending of the maritime blockade are also included in the agreement. The Iranian side stated that the likelihood of a renewed war with the US is "low," but Iran's armed forces have "loaded their magazines" and remain in a state of combat readiness at all times.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Price Spread Between Nearby Futures Contracts Narrowed Slightly, Shanghai Spot Copper Premiums Continued to Widen Under Pressure [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, copper prices edged down during the day, activating some downstream buying interest. According to SMM, orders at some processing enterprises in east China improved compared to yesterday, with end-users mostly placing orders at around 103,600 yuan/mt. Available supplies in Changzhou became relatively tight, which may provide some support for local spot prices. In terms of market structure, the inter-month Contango price spread between futures contracts narrowed slightly, weakening suppliers' willingness to ship to delivery warehouses. The marginal increase in spot circulation pressure pushed discounts to widen further. Overall, amid the interplay of narrowing price spreads between futures contracts pressuring discounts, limited marginal improvement in demand, and tight regional supplies, spot prices against the SHFE copper 2606 contract are expected to remain at a discount tomorrow, continuing to stay under pressure.

Common.Time.minsAgo

1 hour ago

Some Enterprises Increased Procurement After Copper Prices Pulled Back, but Overall Trading Remained Subdued [SMM South China Spot Copper]

1 hour ago

Common.Time.hoursAgo

Month-End Downstream Demand Constrained, Spot Market Trading Sluggish [SMM North China Spot Copper]

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 360-300 yuan/mt, with the average discount of 330 yuan/mt down 10 yuan/mt from the previous trading day. The average transaction price was 103,340 yuan/mt, down 1,370 yuan/mt from the previous trading day.

Common.Time.hoursAgo