Oil prices fell sharply on Thursday, snapping a three-day rally as Israel and Lebanon agreed to implement a ceasefire.
Brent crude futures for August delivery fell 1.5 percent to $96.30 a barrel while WTI crude futures for July delivery were down 1.2 percent at $94.83.
After a fourth round of U.S.-mediated talks, Israel and Lebanon have agreed to renew their fragile ceasefire following days of bombardment and drone strikes.
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Oil Prices Decline On Lebanon Ceasefire Agreement
2026-06-04 09:44:08
