Oil prices today: Crude jumps over 2% after Israel intensifies attacks in Lebanon despite ceasefire

Jun 1, 2026 - 09:00
Oil prices today: Crude jumps over 2% after Israel intensifies attacks in Lebanon despite ceasefire

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Oil prices surged over 2% as Israel ordered troop deployments into southern Lebanon, escalating tensions with Hezbollah. This renewed fighting raises concerns for a US-Iran ceasefire extension and regional stability, impacting global energy supply outlooks. Mines in the Strait of Hormuz further complicate efforts to restore shipping traffic.

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