Israel Today: Ongoing War Report

Israel Today: Ongoing War Report - Update from 2026-05-29 at 12:02


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HEADLINES
Iran missiles seal concessions not talks
Israel pounds Hezbollah as Litani crossing advances
Trump to lift Hormuz blockade shipping flows

The time is now 12:01 PM in New York, I'm Noa Levi and this is the latest Israel Today: Ongoing War Report.

In Iranian Retaliation, Tehran treats actions as the true measure of seriousness and cautions that guarantees and words carry little weight unless matched by moves on the ground. Iran's top negotiator Mohammad-Bagher Ghalibaf posted on X that Tehran does not trust guarantees or words and will judge by actions, adding that Iran would not act unless the other side acted first. "We seize concessions not through dialogue, but with missiles," he said, "in negotiations, we merely make them understand." Earlier on Friday, Iranian Foreign Minister Abbas Araghchi said he had discussed the Strait of Hormuz and its future administration with Omani Foreign Minister Badr Albusaidi, in line with sovereign responsibilities and international law, and expressed Iran's solidarity with Oman against any threat. Araghchi said Iran welcomes consultation with all neighboring states. The report also notes that the United States and Iran reportedly reached an agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz, according to sources, though President Trump has yet to approve it and Iranian state media said it had not been finalized.

In the Conflict with Iran and its Regional Proxies, Israel’s border operations and the threat from Hezbollah are at the center of an intensifying front. Prime Minister Benjamin Netanyahu confirmed during a visit to Israel’s northern border that troops crossed north of Lebanon’s Litani River, saying, "Our forces have crossed the Litani and advanced to controlling positions." He added that Israel is operating in Beirut and in the Beqaa, across the front, and that the army is dealing Hezbollah a crushing blow, praising the fighting spirit reported by brigade commanders and soldiers who say Hezbollah is being eliminated and forced to flee. In a separate briefing, Israel Defense Forces chief Lieutenant General Eyal Zamir said operational and technological solutions are already in development and being implemented to address Hezbollah’s First-Person View drone threat, describing the drone challenge as one the military will overcome with its best minds and capabilities, while stressing continued pursuit of launch squads, their operators, and commanders at all levels. A senior Northern Command official told KAN News that Hezbollah is pressing Iran to ensure it is included in any ceasefire agreement with the United States, warning that a US-Iran deal could limit Israeli counterterrorism operations in Lebanon and possibly entail a withdrawal from parts of southern Lebanon; the official said Hezbollah, though significantly weakened, is still fighting for its life and is urging Iran to secure its inclusion while policy makers consider expanding strikes and ground operations.

In US Policy Concerning Israel, Washington signals a decisive moment on Iran and the Hormuz corridor. President Donald Trump said he would make a final determination in the Situation Room on Iran, announcing that the United States would lift the naval blockade of the Strait of Hormuz and keep the passage open for unrestricted shipping traffic in both directions, with ships caught in the Strait to begin heading home. He also said that US Navy mines in the strait would be terminated by Iran and noted that minesweepers had already removed numerous mines; Trump framed the move as part of a broader process, saying no money would be exchanged with Iran until further notice, while underscoring that certain items have already been agreed upon. Separately, Trump outlined what a deal with Iran would look like, describing the framework and parameters from his perspective as discussions continued.

In Israeli Economy and Business, developments touch both taxation policy and long-term wealth-building. Your Taxes: Trump’s tax amnesty raises questions for Israeli taxpayers, as the amnesty stems from a settlement in a civil lawsuit from May 18 involving Trump, Trump Jr., Eric Trump, and the Trump Organization versus the US Internal Revenue Service in the Southern District Court of Florida. The settlement required US Acting Attorney General Todd Blanche to issue an order on May 19. The suit followed a former IRS contractor’s disclosure of Trump tax returns, and Trump’s camp described the move as “lawfare” and weaponization. The Blanche order grants Trump an amnesty and establishes an Anti-Weaponization Fund of about $1.8 billion, with questions remaining on whether it covers tax evasion, as the order purports to release, waive, acquit, and forever discharge the plaintiffs from pursuing any related claims. Your Investments: Aaron’s menorah teaches us patience is key to long-term wealth, a reflection drawn from Beha’alotcha, the weekly Torah portion. It recalls Aaron the High Priest’s duty to kindle and prepare the lamps, with Rashi explaining that the consolation lay in the idea that Aaron’s descendants would keep the menorah alight for generations. The Ramban questions why consolation came in that form, suggesting a broader linkage to Hanukkah and the enduring symbol of the menorah, emphasizing that steady discipline and time underpin lasting wealth rather than quick gains.

Thank you for tuning in to this Israel Today: Ongoing War Report update.
I'm Noa Levi. Stay safe and informed.
Keep in mind that this AI-generated report may contain occasional inaccuracies, so consult multiple sources for a comprehensive view. Find the code and more details in the podcast description.

SOURCES
https://www.jpost.com/middle-east/iran-news/article-897760
https://www.jpost.com/israel-news/defense-news/article-897759
https://www.jpost.com/israel-news/defense-news/article-897758
https://www.jpost.com/israel-news/defense-news/article-897745
https://www.jpost.com/middle-east/iran-news/article-897762
https://t.me/hnaftali/23203
https://www.jpost.com/business-and-innovation/banking-and-finance/article-897688
https://www.jpost.com/business-and-innovation/banking-and-finance/article-897690
...more
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Israel Today: Ongoing War ReportBy Noa Levi

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