-- Oil tanker traffic through the Strait of Hormuz was halted after Israeli strikes on Lebanon, raising fresh risks to global energy flows, Fars News Agency reported Wednesday.
The disruption came amid renewed strikes despite the recently announced ceasefire, halting tanker movements as military activity in Lebanon intensified, according to Fars News posts on X.
Iran is reportedly weighing punitive action against Israel over alleged ceasefire breaches, with the IRGC-associated Tasnim News Agency reporting Tehran may even withdraw from the truce if strikes continue.
Israel launched about 100 airstrikes in roughly 10 minutes, leaving at least 89 people dead and over 700 injured, media reports said, citing Lebanon's Health Ministry.
US President Donald Trump reportedly said Lebanon is not part of the two-week ceasefire deal, describing Israel's actions there as a separate conflict, according to PBS.
Trump reportedly said Lebanon was excluded due to Hezbollah and indicated the group would be "dealt with," reinforcing that the ceasefire framework does not apply to current hostilities there.
Regional tensions also spread to Gulf states, with Kuwait reporting severe damage to oil facilities, power stations, and water plants following drone attacks, while Saudi Arabia, the UAE, and Bahrain also reported strikes, according to media reports.
has separately reached out to Iran's Ministry of Foreign Affairs, the White House and Kuwait's Interior Ministry for any comments.
Oil markets remain highly sensitive to developments around Hormuz, with prices initially falling after the ceasefire but then showing volatility as disruptions to shipping and renewed attacks cloud the supply outlook.
Oil prices recovered losses in midday trading, with WTI rising to $95 per barrel after falling to a low of $91.05/bbl earlier in the session. Similarly, Brent climbed to $94.94/bbl after earlier declining to $90.40/bbl, while Murban rose to $96.96/bbl from $94.38/bbl.