Oil prices rose more than 3 percent on Monday after Iran and the US traded strikes and Israel ordered troops to move further into Lebanon in its battle with Tehran-backed Hezbollah

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.