Oil climbs on Lebanon escalation, rekindling ceasefire worries
TL;DR
Oil prices rose after Israel ordered deeper operations in Lebanon, reigniting worries about the fragile ceasefire with Iran-backed Hezbollah. Brent traded around $93.35 a barrel and WTI near $89.78 as Goldman Sachs warned of two-sided risks from potential supply disruptions and softer demand, tied to weak April retail data in China and Western Europe.
- Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes CNBC
- Iran war live: Israel’s expanding invasion of Lebanon draws global alarm Al Jazeera
- Israel Captures Crusader Castle That Symbolized Its Long Lebanon Occupation The New York Times
- Netanyahu vows to expand Israel’s grip on Lebanon after deepest incursion in 26 years NBC News
- European leaders condemn Israel’s deepening incursion into Lebanon The Guardian
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