Tensions continue in the Middle East, oil prices rise

Tensions persisted in the Middle East, with oil prices rising slightly on Monday as traders searched for a catalyst in the next direction. A new round of Israeli attacks on Lebanon and possible new U.S. sanctions on Iran have heightened geopolitical uncertainty. Kyle Roda, senior analyst at capital.com, said that the biggest downward pressure facing the market is still geopolitical uncertainty, which still affects market sentiment from time to time. Conflicts surrounding the Iranian war could further exacerbate seemingly deadlocked negotiations between the United States and Iran. The two sides appear ready to formally end the ceasefire agreement, but there has been no significant progress on the Strait of Hormuz issue, and the United States is also preparing to implement an "economic isolation" plan.