Reuters

07 Jun 2026, 22:31 UTC · 14h ago

Oil prices rise more than $2 on Israel strikes on Lebanon

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Read original · https://www.reuters.com/business/energy/oil-prices-rise-more-than-2-israel-strikes-lebanon-2026-06-07/

Oil prices rise more than $2 on Israel strikes on Lebanon

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1
Israel launched strikes on the Beirut area for the first time since a U.S. ceasefire plan for Lebanon was announced. — Escalation in the Middle East increases geopolitical risk premiums and threatens regional stability, typically pushing oil prices higher.
+0.60
2
Oil prices rose by more than $2 a barrel in early Monday trading. — Immediate price action confirms market sensitivity to the geopolitical escalation, though the move is a reaction to the news rather than a fundamental shift.
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Oil prices rise more than $2 on Israel strikes on Lebanon

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