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Oil Edges Higher as Middle East Tensions Linger: Markets Wrap

Bloomberg Markets Sunday 16 August 2026, 22:14 UTC By Matthew Burgess 1 min read
Key Points

Oil Edges Higher as Middle East Tensions Linger: Markets Wrap Oil opened slightly higher as traders weighed renewed Israeli attacks on Lebanon and the prospect of fresh US sanctions on Iran ahead of the formal end of the ceasefire due Monday. Global benchmark Brent crude rose 0.5% in early Asia trading while the dollar was little changed against major peers. S&P 500 contracts were steady after the underlying gauge slipped 0.2% on Friday.

Oil Edges Higher as Middle East Tensions Linger: Markets Wrap Oil opened slightly higher as traders weighed renewed Israeli attacks on Lebanon and the prospect of fresh US sanctions on Iran ahead of the formal end of the ceasefire due Monday. Global benchmark Brent crude rose 0.5% in early Asia trading while the dollar was little changed against major peers. S&P 500 contracts were steady after the underlying gauge slipped 0.2% on Friday.
Oil Edges Higher (ORG) Israeli (ORG) Lebanon (LOCATION) US (LOCATION) Iran (LOCATION) Brent (PERSON) Asia (LOCATION)
Originally published by Bloomberg Markets Read original →

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