Trump says Israel won't deploy troops to Beirut, trimming oil gains. Bitcoin tops $71K as crypto markets rally on Middle East de-escalation signals.

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

Trump says Israel won't deploy troops to Beirut, trimming oil gains. Bitcoin tops $71K as crypto markets rally on Middle East de-escalation signals.

Brent crude slipped 0.6 per cent to $94.45 a barrel, retracing some of Monday's gains

Oil prices retreated around 4% from Monday’s highs as markets responded positively to US President Donald Trump’s reassuring comments that negotiations with Iran are progressing.

Prices could hit $150 a barrel if truce falters and Strait of Hormuz remains closed, analysts say

Oil prices fell 1.7% after Trump signaled a ceasefire deal in Lebanon, with Brent at $93.35 and traders watching Friday's jobs report.

Israel reportedly halted plans for a military operation targeting Beirut after diplomatic intervention and escalating regional warnings. U.S. President Donald Trump said on June 1…