israel and lebanon extend ceasefire despite new strikes

The Israel-Lebanon ceasefire extension and ongoing strikes, combined with Iran's diplomatic signals and China's offer regarding the Strait of Hormuz, create uncertainty for Middle East oil and gas supply routes. The Strait of Hormuz is a critical chokepoint for global oil and LNG shipments; any disruption or reopening negotiations directly affect crude and natural gas prices. The channel is supply_shortage (potential disruption) and logistics (transit risk). The impact is region-specific (Middle East) but with global commodity price implications. Direct winners/losers are not specified.