"The last 24 hours have nicely demonstrated the crash back to reality: You can say 'ceasefire,' and you can claim that global shipping of oil and goods through the Strait of Hormuz are about to resume, but when they don't resume, it exposes just how empty both your threats and supposed diplomatic breakthrough really are."
"Israel in particular has jumped at the chance to not just continue hostilities with Hezbollah in Lebanon, but actively step up the intensity of its campaign of strikes there, capitalizing on the U.S. claim that the ceasefire was never meant to extend to that part of the conflict."
A ceasefire announcement related to Donald Trump's conflict with Iran led to a temporary drop in oil prices and a stock market rally. However, the optimism quickly faded as it became clear that the U.S. and Iran had different expectations regarding the ceasefire terms. Oil futures began to rise again, indicating a return to uncertainty. Israel intensified its military actions against Hezbollah, disregarding the ceasefire, with PM Netanyahu asserting that the conflict would continue until all objectives were met.
Read at Jezebel
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