Iran announced the closure of the Strait of Hormuz, a vital global oil transit route, citing Israel’s actions in Lebanon. This move coincides with diminishing expectations for upcoming nuclear negotiations between Iran and the United States, scheduled to take place in Switzerland. Iranian officials have stated progress in the talks is contingent on a ceasefire in Lebanon. In response, U.S. President Donald Trump warned of potential shipping tolls imposed by the U.S. on vessels traversing the Strait if a comprehensive agreement isn’t reached within a two-month timeframe. The Strait of Hormuz’s closure would significantly disrupt global energy supplies and international trade. The escalating rhetoric raises concerns about regional stability and the future of the Iran nuclear deal. Both sides appear to be hardening their positions ahead of the Swiss talks.