The price of oil rises as Israel intensifies its attack in Lebanon and Iran halts negotiations with the US
Oil prices surged as renewed clashes jeopardized the US-Iran ceasefire, with Netanyahu ordering attacks on Beirut's Dahiyeh despite the ongoing truce. Iran warned northern Israeli settlers to evacuate if the Beirut suburbs are targeted. On Monday, Iranian Foreign Minister Abbas Araghchi emphasized that the ceasefire agreement between Iran and the United States applies to “all fronts, including Lebanon,” cautioning that any breach on one front would violate the entire ceasefire arrangement.
