pakistan
Oil falls as Lebanon and Israel agree to implement ceasefire
Key takeaways
- Add ARY News on Google AAResize Oil prices eased on Thursday as Israel and Lebanon’s ceasefire agreement boosted hopes for a broader deal to end the U.S.-Israeli war with Iran, while the U.S.
- Brent futures were down 67 cents, or 0.69%, at $97.14 a barrel by 0015 GMT, while U.S.
- Both benchmarks rose about 2% on Wednesday, extending the previous session’s gains, after renewed Middle East hostilities including Iranian attacks on Kuwait and U.S. military strikes near the Strait of Hormuz.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Oil prices eased on Thursday as Israel and Lebanon’s ceasefire agreement boosted hopes for a broader deal to end the U.S.-Israeli war with Iran, while the U.S. House approved a resolution seeking to curb President Donald Trump’s war powers.
Brent futures were down 67 cents, or 0.69%, at $97.14 a barrel by 0015 GMT, while U.S. West Texas Intermediate CLc1 crude fell 62 cents, or 0.65%, to $95.4.
Both benchmarks rose about 2% on Wednesday, extending the previous session’s gains, after renewed Middle East hostilities including Iranian attacks on Kuwait and U.S. military strikes near the Strait of Hormuz.
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