Israel Lebanon Ceasefire Broken as Oil Prices Jump $2 a Barrel

Israel vs Lebanon – (Web Desk) – Israel Lebanon ceasefire broken news shook global oil markets on Monday as prices jumped more than $2 a barrel. The fresh Israeli strikes on Lebanon crushed hopes for a wider peace deal in the Middle East.

US crude futures climbed $2.10, or 2.32 percent, to $92.64 per barrel. Brent crude also rose $2.33, or 2.5 percent, reaching $95.42 a barrel early Monday morning.

The gains wiped out most of Friday’s losses. Prices had dropped on Friday after traders hoped the US-Iran conflict was cooling down. Those hopes faded fast after Sunday’s strikes.

Israel and Lebanon had agreed to a ceasefire on June 3 after talks in Washington. But Israel launched new strikes on Lebanon shortly after, breaking that agreement.

Iran hit back by firing missiles at Israel in response to the Beirut strikes. US President Donald Trump said he would urge Israeli Prime Minister Benjamin Netanyahu not to retaliate against Iran.

The Strait of Hormuz remains a key concern for oil markets. Iran has blocked most shipping through the strait since the wider conflict began. Tehran has also said a ceasefire in Lebanon is a condition for any peace deal with the US.

Israel had invaded Lebanon in March after Hezbollah fired rockets and drones across the border. The two sides had reached an earlier ceasefire in April, but fighting never fully stopped.

OPEC+ agreed on Sunday to raise oil output for the fourth time in four months. However, analysts say the move will have little real effect. Most OPEC+ members cannot meet their targets due to the Hormuz closure or other supply problems.

Energy analyst Jorge Leon from Rystad Energy said the physical impact of the OPEC decision would be close to zero given current market conditions.

Markets remain on edge as tensions in the Middle East show no clear sign of easing.