Oil Prices Rise as Israel Expands Lebanon Offensive | EN590 Commodities
EN590 Commodities GroupCrude Oil June 01, 2026
Oil Prices Rise as Israel Expands Lebanon Offensive U.S.-Iran negotiations over reopening the… Josh Owens is the Content Director at Oilprice.com and a veteran energy journalist with over a decade of experience covering global energy markets and geopolitics.… Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend, adding fuel to fears that the broader Middle East conflict is moving toward escalation rather than a peace deal. At the time of writing,West Texas Intermediatecrude was up 2.88% at $89.88 per barrel, whileBrent crudehad risen 2.43% to trade at $93.33 per barrel. The latest escalation in the regional conflict came after Israeli troops crossed the Litani River, having declared all areas south of the Zahrani River a combat z
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