BEIJING/PERTH, June 4 : Oil prices fell on Thursday as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Brent futures were down 87 cents, or 0.89 per cent, at $96.92 a barrel by 0458 G

Oil prices surged over 2% as Israel advanced troops into Lebanon. This escalation follows peace talks and weakens hopes for a U.S.-Iran ceasefire extension. Crude futures saw…

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.

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