Oil Prices Rise Amid Escalating Tensions Between US-Iran and Israel-Lebanon
Oil prices rose over 2% as tensions escalated between the U.S. and Iran, with both sides exchanging strikes, while Israeli forces advanced into Lebanon in conflict with Hezbollah. The renewed hostilities reduced hopes for an extended ceasefire agreement between the U.S. and Iran.
Topics: energy markets Israel-Lebanon conflict oil U.S.-Iran tensions