Oil prices rebounded following renewed fighting in Lebanon and continued, albeit easing, disruptions to tanker traffic through the Strait of Hormuz. Brent crude reversed an earlier decline as geopolitical tensions increased. The clashes in Lebanon raised concerns about wider regional instability, impacting market sentiment. While traffic through the Strait of Hormuz is improving, it remains slower than usual, contributing to supply concerns. Both oil and liquefied natural gas (LNG) tankers have navigated the critical waterway. Analysts suggest the price increase reflects a risk premium added due to these combined factors, rather than a fundamental shift in supply and demand. The situation remains fluid and is being closely monitored by energy markets.