Israel-Lebanon Extend Ceasefire as Iran Ship Seizures Sustain Gold Safe-Haven

Israel and Lebanon extended their ceasefire for three weeks on April 24 amid Trump's pursuit of a US-Iran deal, but Iran's Strait of Hormuz blockade—including two captured cargo ships—and US naval threats keep geopolitical risks elevated, supporting Gold demand. The story unfolded from a 10-day truce on April 17 easing oil below $100 (from $120 peaks, 13 million bpd disrupted), Trump's April 19 violation claim, and Gold's $112 plunge to $4,707 on April 21 after an initial extension. April 22 ship attacks and a three-week extension announcement tempered de-escalation gains, fostering volatility in safe-haven assets.