The Iran-U.S. agreement is only the first step! Israel's National Security Minister announces: The agreement does not bind us, we will never withdraw.

Israeli National Security Minister Givol Threatens: The peace agreement finalized by the US and Iran on Sunday night "has no binding effect" on Israel. The IDF will never withdraw, will not remain silent, and must decisively dismantle Hezbollah.
(Background: Breaking News> US-Iran Ceasefire Agreement 6 Major Clauses Revealed! Promises to "Unblock the Hormuz Strait, Lift Sanctions," expected to be announced within hours)
(Additional background: Breaking News> Trump announces "Ceasefire between Israel and Hezbollah"! US troops rapidly withdraw to Lebanon: no deployment to Beirut)

Table of Contents

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• US-Iran Agreement Background: 60-Day Negotiation Window
• Netanyahu’s Clear Stance: Not Bound by Lebanon-Related Terms
• Gold Price Trends: Rise then Fall
• Peace Exists but Is Not Over

Israeli National Security Minister Oren Givon, on the 15th, via Channel 12 Israel, stated: The peace agreement finalized by the US and Iran on Sunday night "has no binding effect" on us. Israel is an independent sovereign country, not subordinate to the US.

Givon emphasized that Israel will never withdraw from the Lebanese territories it has occupied and cleared, nor remain silent on acts of fire against Israel.

"We must decisively dismantle Hezbollah," he said.

US-Iran Agreement Background: 60-Day Negotiation Window

The US and Iran have experienced over two months of intermittent negotiations, culminating on the evening of June 14 with the finalization of a ceasefire and a memorandum to reopen the Hormuz Strait, which will be officially signed in Switzerland on June 19.

Following the announcement of the agreement, copper prices surged 1.4%, with industrial metals rising about 4% since the Middle East conflict began in late February. However, Bitcoin remains cautious; after experiencing a ceasefire in April and two subsequent resurgences of conflict, it has "waited" until the Swiss signing on June 19 to reprice.

Analysts point out that the real test has just begun. The agreement provides a 60-day negotiation window, but the details of the text may still be unresolved, and ongoing conflicts between Israel and Lebanon could cause negotiations to break down.

Netanyahu’s Clear Stance: Not Bound by Lebanon-Related Terms

Israeli Prime Minister Netanyahu has informed Trump that Israel is not bound by the Lebanon-related clauses in the agreement. According to Israel’s Yedioth Ahronoth, the IDF will continue to station troops in Lebanon and respond to any attacks from Hezbollah.

BOS Bank Asia Strategist Richard Tang noted that the US-Iran peace agreement is highly beneficial to Asian stock markets, with markets heavily weighted in technology stocks (South Korea, Japan) already rising sharply on Monday morning.

Gold Price Trends: Rise then Fall

During early Asian trading hours, gold rose due to ceasefire easing inflation concerns, but subsequently, spot gold fell more than $10 in the short term, to $4,320 per ounce. The Israeli security minister’s statement of "no withdrawal" hints that regional peace remains uncertain.

ANZ Bank analysts pointed out that the war has strengthened structural reasons for investors to increase gold holdings, including geopolitical divisions and waning confidence in bonds as a reliable portfolio diversification tool.

Peace Exists but Is Not Over

The US-Iran agreement appears to be the beginning of regional peace, but Israel’s stance reveals two signals: first, the ceasefire agreement is essentially "first"—the US and Iran negotiate first, while Israel continues to clear Hezbollah in Lebanon; second, the rise in Asian markets reflects inflation expectations cooling, rather than genuine belief that peace will last.

For Taiwanese investors, Taiwan and nearby Asian economies are also net oil importers. The reopening of the Hormuz Strait means reduced imported inflation pressures. However, if Israel continues missile strikes in Lebanon, the risk of oil prices rising remains.