Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs
Oil prices dipped Tuesday as Iran and Israel paused attacks, easing immediate supply disruption fears.
This followed a sharp rise on Monday amid renewed Middle East tensions.
Despite the de-escalation, concerns linger over the Strait of Hormuz and Houthi actions impacting Red Sea shipping.
OPEC+ agreed to boost output, but analysts doubt its effectiveness due to production struggles.
- Hezbollah claims fresh attacks on Israeli forces in southern Lebanon Middle East Eye —
- Doha calls strike on Lebanese army patrol a ‘dangerous escalation’ Middle East Eye —
- Hezbollah says it carried out 22 attacks on Israeli forces in south Lebanon Middle East Eye —
- Saudi Arabia rejects Israel's 'violation of Lebanon’s sovereignty' Middle East Eye —
- Israeli strike kills three Lebanese soldiers The Korea Herald —