Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes

🇮🇱 CNBC (IL) — 2026-06-01

Oil prices surged 2% following Israel's expanded military offensive into Lebanon amid clashes with Hezbollah, raising concerns over regional ceasefire prospects and impacting energy markets.

Oil prices surged on Monday after Israel instructed troops to push deeper into Lebanon amid renewed clashes with the Iran-backed Hezbollah group.

World Security Conflict Politics Commodities Energy Israel Lebanon Hezbollah oil prices military offensive Middle East ceasefire

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Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes

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