Tensions in the Strait of Hormuz escalated over the weekend as Iran reinstated restrictions on maritime traffic, claiming breaches of trust, while Israel launched strikes in Lebanon against alleged saboteurs. This development complicates the peace negotiations that US President Donald Trump has been advocating. The Iranian Navy warned vessels against leaving their anchorages, stating that any approaching ships would be considered hostile. In response, the US military is preparing to board Iran-linked oil tankers to enforce maritime security. Trump mentioned that discussions with Iran are ongoing, yet he also threatened to resume military strikes if the ceasefire is not extended. The situation is further complicated by Iran's insistence on not transferring enriched uranium, which is central to the negotiations. While there had been optimism about a potential peace deal, analysts caution that any agreement reached may be limited and fragile, reflecting the volatile dynamics in the region. Oil prices dropped significantly amid these developments, as markets reacted to the uncertainty surrounding energy supplies.