Shares of energy companies rose alongside oil futures as traders despaired of a deal between the U.S. and Iran.

Violence in Lebanon continued, even as Iran warned that it considered clashes there to be violations of the cease-fire.

Oil futures rose 1.7% to $93.76 a barrel in New York, the largest two-session gain since May 18.

The odds of a peace deal between the U.S. and Iran by the end of June plummeted on predictions markets such as Polymarket.

Write to Rob Curran at rob.curran@dowjones.com