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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.
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...
100 days of Middle East crisis: Oil prices jump over 3% as Iran-Israel resume war
Oil prices jumped on Monday as tensions in the Middle East flared up once again, raising fresh concerns over global oil supplies. Global crude benchmarks gained more than 3% as the crisis entered has now crossed 100 days, with peace efforts continuing to yield little progress. As of 7:50 am, WTI crude was trading at $93.87 per barrel, up $3.33 or 3.68%, while Brent crude rose $3.27, or 3.51%, to $96.36 per barrel.
Oil prices fall below $100 a barrel on hopes of Iran peace deal
Oil prices have dropped below $100 a barrel, with Brent crude futures falling 5.5% to under $98. This decline coincides with a rise in stock markets, driven by optimism surrounding potential peace negotiations between the US and Iran.
Oil prices fall below $100 a barrel on hopes of Iran peace deal
Oil prices dropped below $100 a barrel on Monday, with Brent crude futures falling 6% to $97.43. This decline occurred amid growing optimism that the United States and Iran are nearing a peace agreement. Consequently, stock markets experienced a rise.
How solar has saved Europe €136 million per day since the start of the Iran war
A new analysis found that Europe’s existing solar fleet has already saved the continent billions in 2026. Solar is helping to rescue Europe from the crippling costs of fossil fuel imports, as the war on Iran continues to keep oil and gas prices sky-high. Brent crude, which is used as the worldwide benchmark for oil prices, remains particularly volatile due to Iran's stranglehold on the Strait of Hormuz, a vital passage which usually carries around one-fifth of global oil supplies.
Live: Oil prices down almost 3pc as traders bet on Middle East peace
live Live market updates: Oil prices down, ASX to rise, tech stocks falter Brent crude has dropped almost 3 per cent overnight, as oil traders bet on a peace deal in the Middle East. Meanwhile, the ASX is set to trade up today after another strong session on Wall Street overnight. Follow the day's financial news and insights from our specialist business reporters on our live blog.
Oil prices today: Crude falls as Hezbollah rejects US-backed ceasefire
Oil prices fell slightly on Friday as hopes for a ceasefire in the Middle East faded following Hezbollah's rejection of a US-backed proposal in Lebanon. Brent crude slipped 0.22% to $95.24 a barrel, while US West Texas Intermediate (WTI) crude fell 0.11% to $92.94 a barrel in early trade. Despite Friday's decline, both benchmark contracts were on track to record their first weekly gain in three weeks.
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.