energyMonday, June 8, 20263 sources
Oil Prices Surge Over $2 Amid Israel-Lebanon Escalation, Iran Threatens 'Full Week' of Strikes
Oil prices rose more than $2 on Monday as tensions in the Middle East escalated following Israel's strikes on Lebanon. Iran responded by declaring the attacks the start of a 'full week' of strikes, marking its first action since an April ceasefire. The surge in prices reflects investor concern over regional instability.
U.S. crude futures climbed $2.10, or 2.32%, to $92.64 per barrel, while Brent crude futures rose $2.33, or 2.5%, to $95.42 a barrel. The price increases occurred as investors closely monitored the latest escalation in hostilities between Israel and Lebanon. The strikes, which followed a ceasefire brokered in April, have reignited fears of renewed conflict in the region.
Sources
IndependentEuronewsJun 8, 09:39 AM
Oil prices rise as Iran and Israel trade strikes in defiance of TrumpOil prices rose on Monday morning as investors monitored the latest escalation in the Middle East.
IndependentThe HinduJun 8, 05:27 AM
Oil prices rise more than $2 on Israel strikes on LebanonU.S. crude futures were up $2.10, or 2.32%, at $92.64 per barrel as of 0013 GMT, while Brent crude futures rose $2.33, or 2.5%, to $95.42 a barrel
PublicBBC WorldJun 8, 04:49 AM
Oil prices edge higher after strikes on Israel test ceasefireIran said the attacks, its first since an April ceasefire, are the start of "a full week" of strikes