Oil prices rise as U.S. and Iran appear locked in a costly stalemate

April 27, 2026
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The Secretary-General of the Iranian-backed group Hezbollah in Lebanon, Sheikh Naim Qassem, said in a statement Monday that the group’s leadership “categorically reject direct negotiations” that the U.S. has been brokering between Israel and Lebanon’s government. 

“Those in the position of authority must know that their actions will not benefit Lebanon nor themselves. What the Israeli-American enemy wants from them is not in their hands, and what you want from it will not be granted to you,” Qassem said.

His statement is the latest rejection of the diplomacy that led to the ongoing, but incredibly fraught ceasefire that President Trump pushed Israel and Lebanon to sign weeks ago, which he then announced a three-week extension of last week, in a bid to smooth the path for a wider peace deal with Iran.

ISRAEL-LEBANON-IRAN-US-WAR

This photograph taken from the northern Israel shows an Israeli military vehicle driving along a road between destroyed houses in southern Lebanon, near the border with Israel, April 27, 2026.

Jalaa MAREY/AFP/Getty


Hezbollah has long been one of Iran’s most powerful so-called proxy paramilitary forces in the Middle East, while also functioning as a political party in Lebanon. It’s Hezbollah’s forces engaging in crossfire with Israel, not Lebanese state forces, and the group’s exclusion from the Trump administration-led negotiations between Israel and Lebanon has complicated the ceasefire since it was first signed.

On Monday, Qassem said bluntly that, for Hezbollah, “these direct negotiations and their outcomes are as if they do not exist for us, and they do not concern us in any way whatsoever.”

Hezbollah’s rejection of the negotiations leaves the viability of the ceasefire in greater doubt than ever. And as the Iranian regime has said it will not agree to any peace deal that doesn’t also halt Israel’s war in Lebanon, it also casts further doubt on the prospects for a wider U.S.-Iran agreement to end the war that has gridlocked the Strait of Hormuz and already fueled rising inflation across the globe. 

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