Oil prices climbed 2% Monday as Israel escalated its offensive in Lebanon, heightening fears of regional instability and jeopardizing a fragile U.S.-Iran ceasefire.

BEIJING, June 1 : Oil prices rose more than 2 per cent in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed…

Oil prices surged over 2% as Israel intensified operations in Lebanon, raising fears of supply disruptions and renewed risks in the Strait of Hormuz.