US Crude Futures Rise Over $2 Following Israel's Attack on Lebanon Amid Middle East Tensions
US crude oil futures rose by over $2 per barrel after experiencing the largest drop since April 2020. The increase followed Israel's intense attack on Lebanon, which resulted in hundreds of deaths and provoked retaliatory threats from Iran. This event disrupted a recent US-Iran ceasefire agreement, causing volatility in the oil market with West Texas Intermediate crude futures climbing to around $97 per barrel.