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The U.N. panel met after Israel had threatened to attack southern Beirut. President Trump said later that Israel and Hezbollah had agreed not to attack each other.
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The fund has drawn backlash from critics who said it was a scheme to reward President Trump's political allies with public benefits.
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"This lunatic drank so much of his own Kool-Aid that he is going to give all of us a diabetic shock."
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After Israel announced it would push deeper into Lebanon to target Hezbollah, Trump intervened and said he persuaded Israel not to send troops to Beirut.
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Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn't reopen.
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U.S. Central Command said the military intercepted two Iranian missiles overnight on Monday and no personnel were harmed. The attacks threatened to further complicate talks to end the war.
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