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Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes

Oil prices rose Monday after Israel ordered troops to push deeper into Lebanon, renewing concerns that clashes with the Iran-backed Hezbollah group could threaten a fragile ceasefire between Washington and Tehran. Brent crude futures, the international benchmark, gained 2.45% to $93.35 a barrel. West Texas Intermediate futures added 2.8% to $89.78 per barrel.

CNBC 9d ago

Oil prices rise more than $2 on Israel strikes on Lebanon

Oil prices rise more than $2 on Israel strikes on Lebanon BEIJING, June 8 : Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon. U.S. crude futures were up $2.57 at $93.11 per barrel as of 2215 GMT, while Brent crude futures rose $2.67 to $95.76 a barrel.

Channel News Asia 2d ago

Oil prices rise more than 2% as Israel moves further into Lebanon

Oil prices rise more than 2% as Israel moves further into Lebanon BEIJING, June 1 : Oil prices rose more than 2 per cent in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant group, despite a ceasefire announced more than six weeks ago. U.S. crude futures rose $2.37 or 2.71 per cent to $89.73 a barrel as of 1017 GMT. Brent futures rose $2.07 or 2.27 per cent to $93.19 a barrel.

Channel News Asia 9d ago

Oil prices climb as Israel expands military operation in Lebanon

Oil prices rose on Monday morning after Israel stepped up its military operation in Lebanon. Crude prices climbed in early Asian trading on Monday after Israeli troops pushed further into Lebanon over the weekend, fuelling investor fears that the broader Middle East conflict could escalate rather than move towards a peace deal. At the time of writing, West Texas Intermediate (WTI) crude was up 2.88% at $89.88 per barrel, while Brent crude rose 2.43% to $93.33 per barrel.

Euronews 9d ago

Oil prices: Crude jumps over 2% after Israel intensifies attacks in Lebanon

Oil prices rose more than 2% in early trading on Monday after Israel ordered additional troop deployments into southern Lebanon, escalating tensions with the Iran-backed Hezbollah group despite a ceasefire announced more than six weeks ago. US crude futures (WTI) climbed by 2.71% to $89.73 a barrel, while Brent crude futures gained 2.37% to $93.28 a barrel, Reuters reported. The sharp rise in prices came as renewed fighting raised concerns that efforts to extend the ceasefire between the...

Times of India 9d ago

Asian stocks slide on flare-up in Middle East fighting, oil eases off highs

Asian stocks slide on flare-up in Middle East fighting, oil eases off highs "Financial markets shifted back into a risk-off mode as the US and Iran exchanged fire again," analysts from Westpac wrote in a research report. SINGAPORE: Asian stocks fell on Thursday (Jun 4) as renewed fighting between the US and Iran rattled investors, although oil slipped from recent highs after Israel and Lebanon agreed to a ceasefire. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.5 per...

Channel News Asia 6d ago

Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs

Oil prices eased on Tuesday after a volatile trading session, as Iran and Israel paused attacks on each other, reducing immediate concerns over disruptions to energy supplies. The pullback came after both countries said they had stopped attacking each other following an appeal from US President Donald Trump. However, Tehran warned that it would resume strikes if Israel continued targeting Hezbollah in Lebanon.

Times of India 1d ago

Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...

Channel News Asia 9d ago

Middle East war live: Iran's military announces 'cessation' of attacks on Israel

Iran's military command on Monday announced it was halting its operation against Israel after the two sides exchanged fire for the first time since a truce took effect in April. Iran had delivered a "painful response" to Israel and "accordingly, the cessation of armed forces operations is hereby announced", the Khatam al-Anbiya command said in a statement carried by state television. Follow our liveblog for the latest updates.

France 24 2d ago

Iran war day 100: US, Iran trade attacks again, raising tensions

Iran war day 100: US, Iran trade attacks again, raising tensions Tensions rise as US shoots down Iranian drones over Strait of Hormuz, while Israel continues its attacks on Lebanon. The United States Central Command (CENTCOM) said it shot down a pair of Iranian drones threatening the Strait of Hormuz, escalating tensions as Pakistan’s Interior Minister Mohsin Naqvi landed in Tehran as part of new diplomatic efforts. Tehran responded with a salvo of missiles at US allies Bahrain and Kuwait on...

Al Jazeera 3d ago