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Oil prices rise more than $2 on Israel strikes on Lebanon

Heavy machinery operates to remove the rubble in the aftermath of an Israeli strike on the southern suburbs of Beirut, Lebanon, June 7, 2026. REUTERS/Mohamed Azakir
Heavy machinery operates to remove the rubble in the aftermath of an Israeli strike on the southern suburbs of Beirut, Lebanon, June 7, 2026. REUTERS/Mohamed Azakir Reuters

BEIJING - Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon.

U.S. crude futures were up $2.57 at $93.11 per barrel as of 2215 GMT, while Brent crude futures rose $2.67 to $95.76 a barrel.

(Reporting by Colleen Howe; Editing by Edmund Klamann)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published June 7, 2026 at 3:36 PM.

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