Oil Price Today (June 1): Crude oil gains over 2% as Israel attacks Iran-backed Hezbollah. What are expert
- Posted on June 1, 2026
- By Business News Today
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- 1 min read
Oil Price Today (June 1): Crude oil gains over 2% as Israel attacks Iran-backed Hezbollah. What are expert
Oil prices surged over 2% as Israel advanced troops into Lebanon. This escalation follows peace talks and weakens hopes for a U.S.-Iran ceasefire extension. Crude futures saw significant gains. The conflict, a spillover from the Iran war, has impacted global oil flows. Analysts suggest a prolonged Strait of Hormuz closure could tighten supplies further.
