Yes, it qualifies as a three-continent Oneworld Circle Explorer.
The ticket allows surface sectors (such as your LHR-TLV surface sector)
And it allows backtracking within a continent (such as your backtrack from TLV to LHR in the continent of Europe/Middle East)
Are you aware that the ticket allows up to 16 segments?
You are using only 4 flight segments and 1 surface segment