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Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes

CNBC · Jun 1, 2026, 12:58 AM · Also reported by 4 other sources

Oil prices surged on Monday after Israel instructed troops to push deeper into Lebanon amid renewed clashes with the Iran-backed Hezbollah group.

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BBC News Israel seizes castle in Lebanon as it expands ground offensive Fortune Israel expands Lebanon assault with Iran-U.S. talks in balance The Hindu Israel’s Netanyahu says capturing Beaufort a ‘dramatic shift’ in Lebanon offensive Al Jazeera Iran war day 93: Trump won’t ‘rush’ deal; Israel expands Lebanon invasion

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Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes

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