Here are Thursday's latest updates from the U.S.-Iran peace process and Israel's war with Hezbollah:■ U.S. President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed a memorandum of understanding aimed at ending the war between the two countries.■ Iran's official news agency said the country will not produce or acquire nuclear weapons as it released the text of the memorandum of understanding between Washington and Tehran.■ U.S. President Donald Trump said that the United States will allow Iran to have "some" ballistic missiles under the agreement scheduled to be signed officially in the coming days. He explained the decision, saying, "What am I going to do? Am I going to let Saudi Arabia have missiles but they can't have them?"■ Five Israeli soldiers were wounded by an explosive drone strike in southern Lebanon on Wednesday, the IDF announced, one of whom is in serious condition.■ Settlers set fire to agricultural land in the village of Beit Amrin near the West Bank's Nablus, according to Palestinian reports.■ Thousands of Hasidic ultra-Orthodox demonstrators protested outside Military Prison 10 in central Israel following the arrest of a yeshiva student who was designated as a draft dodger; this is the first demonstration of its kind by the Hasidic sect.■ The police announced that they are suspending a police officer who kicked a Haredi protester in the face as he lay on the ground at a protest against mandatory conscription in central Israel's Bnei Brak on Wednesday morning.■ The Gaza Health Ministry announced that two people were killed, five wounded in IDF strikes in the past 24 hours.