In addition to TP response, you can also consider...
As per your current retention policy configuration. I can see the at you have configured the retention for weekly, monthly, and yearly LTR backups for one week. It means your backup will be available in azure only for 1 week after that it will be deleted automatically. These are the reasons you are seeing only one LTR backup for the week as the retention period for old backup is expired the backups are also got deleted.
To avoid these scenarios in Future You can reconfigure the backup policies and increase the retention periods. here in below image for example I have kept it for 4 weeks
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