Tensions are escalating sharply in the Middle East.

• Iran has stopped oil tanker passage through the Strait of Hormuz, raising major supply concerns.

• It warned it may exit the ceasefire if Israel continues strikes on Lebanon.

• Iran is pressuring the U.S. to choose between ceasefire or continued escalation via Israel.#US&IranAgreedToATwo-weekCeasefire $BTC $XAU