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

Oil prices rose more than $2 a barrel in early Monday trading after Israel launched strikes on the Beirut area on Sunday, the first since the U.S. announced a ceasefire plan for Lebanon. The escalation adds a geopolitical risk premium to crude, with potential implications for broader energy markets and near-term volatility.

Analysis

Oil prices rose more than $2 a barrel in early Monday trading after Israel launched strikes on the Beirut area on Sunday, the first since the U.S. announced a ceasefire plan for Lebanon. The escalation adds a geopolitical risk premium to crude, with potential implications for broader energy markets and near-term volatility.