Iran Issues Warning on Lebanon Conflict Amid Strait of Hormuz Reopening

Iran has cautioned that any Israeli military action in Lebanon would violate a recent US-Iran peace agreement. This warning coincides with US President Trump's announcement that shipping traffic is resuming in the Strait of Hormuz, which was previously blocked. The reopening of the strait has contributed to a decline in global oil and European gas prices, leading some analysts to revise down future oil price forecasts.