Tensions in the Strait of Hormuz have escalated as Iran has declared the key waterway closed again, citing ceasefire violations linked to Israeli attacks in Lebanon. Despite these claims, reports indicate that oil continues to flow through the strait, signaling confusion over its actual status. Iranian officials assert that they will administer the strait moving forward, and negotiations with U.S. representatives are ongoing in Switzerland. While traffic had recently started to increase, the latest closure announcement poses a threat to maritime operations in this crucial shipping route. Meanwhile, the potential impact on oil prices is being closely monitored, with experts warning of renewed pressures on the market. The situation remains fluid, with conflicting reports emerging over the true state of shipping activity in the region.