Middle East tensions ease as ceasefire extended. Israel and Lebanon have extended their ceasefire for three weeks following White House negotiations brokered by President Trump. The extension addresses one of several critical regional issues, including Iran's nuclear ambitions and control of the Strait of Hormuz. Trump stated he is not rushing negotiations and seeks an "everlasting" deal, asserting American naval superiority in the strait. However, navigation remains effectively blocked, with Iranian capture of cargo ships highlighting ongoing market disruptions. Oil markets continue facing significant strain as the geopolitical standoff persists, with broader implications for global economic stability and energy prices.
