By Ronnie Harui and Megan Cheah

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

Oil prices rose as Israel’s deeper push into Lebanon renewed fears of a wider Middle East conflict and prolonged disruption at the Strait of Hormuz.

Prices rise for third day as fresh fighting flares up in the Middle East

By Ronnie Harui and Megan Cheah