General · 4 June 2026

Oil prices drop after Lebanon Israel deal

Lower fuel costs could ease pressure on energy markets after crude prices moved down in early trading. On Thursday, oil benchmarks fell as Lebanon and Israel agreed to put a ceasefire into effect, while the US House approved a measure seeking to limit President Donald Trump's powers over the conflict with Iran. Brent traded at $97.14 a barrel, and US crude inventories fell by 8 million barrels.

By BriefTea Editorial · 4 June 2026 at 4:39

Reported by Reuters · How we write briefs

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