Oil Prices Surge 2% as Israel Expands Lebanon Incursion Amid Middle East Tensions |Dawn News English

DawnNews English

DawnNews English

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June 1, 2026

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Oil prices climbed more than 2% in early trading on Monday after Israel ordered troops to move further into Lebanon in its conflict with the Iranian-backed Hezbollah group, despite a ceasefire announced more than six weeks ago. U.S. crude futures rose 2.71% to $89.73 a barrel, while Brent crude gained 2.37% to $93.28 a barrel. The escalation came shortly after the United States hosted Israel-Lebanon peace talks in Washington on Friday and dampened expectations that the U.S. and Iran could soon announce an extension of their ceasefire agreement. Those expectations had helped push oil prices lower at the end of last week. #OilPrices #CrudeOil #BrentCrude #EnergyMarkets #GlobalMarkets #MiddleEastCrisis #IsraelLebanon --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Official Facebook: https://www.facebook.com/dawndotcom/ Official Twitter: https://twitter.com/dawn_com Website: www.dawn.com Official Instagram: https://www.instagram.com/dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews

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