Oil Prices Fall Following Israel-Lebanon Ceasefire Agreement
Oil prices experienced a decline in response to the ceasefire agreement reached between Israel and Lebanon. The market reacted to the de-escalation of tensions in the region.
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Oil falls as Israel and Lebanon agree to conditional ceasefire
The oil market's main focus remains on the Strait of Hormuz, a key waterway through which one-fifth of global crude normally passes.
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Read full article →Oil falls as Lebanon and Israel agree on a ceasefire
Brent futures are down 87 cents, or 0.89%, at $96.92 a barrel
By Reuters
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