Lebanon has announced a partial ceasefire between Israel and Hezbollah in a bid to reduce escalating tensions, though fighting continues in parts of southern Lebanon despite the agreement. The truce, facilitated through international mediation efforts, includes Israel halting strikes on Beirut and Hezbollah suspending attacks on Israeli territory as an initial step toward broader de-escalation....
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June 1, 2026June 1, 2026International
Oil Prices Climb as US-Iran Tensions Escalate and Israel Expands Lebanon Operations
Global oil prices rose sharply on Monday after renewed military tensions between the United States and Iran, coupled with Israel’s decision to push further into Lebanon, heightened concerns over energy supplies from the Middle East. Brent crude climbed above $93 per barrel, while US West Texas Intermediate (WTI) crude rose above $90, reversing some of...
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May 7, 2026May 7, 2026Blog
Israel strikes Beirut for first time since ceasefire, raising fears of escalation
Israel has launched an airstrike on Beirut for the first time since a ceasefire with Hezbollah came into effect, escalating tensions and raising concerns about the stability of the fragile truce. The strike targeted the southern suburbs of the Lebanese capital, a known Hezbollah stronghold, with Israeli officials saying the operation was aimed at a...