Oil Prices Decline Amid Israel-Lebanon Ceasefire and Regional De-escalation Hopes
Oil prices fell following U.S. President Donald Trump's announcement of a 10-day ceasefire between Israel and Lebanon, raising hopes for broader regional peace. U.S. crude and Brent crude both declined, with ING noting that ongoing disruptions in the Strait of Hormuz are tightening physical oil markets.
Topics: ceasefire Hormuz disruptions Israel-Lebanon conflict oil prices Trump