Oil prices rise more than 2% as Israel moves further into Lebanon

Iran cut off all negotiations with the U.S. on Monday, with state media and key Iranian officials suggesting Israel’s continued attacks on Lebanon are to blame— derailing a potential peace deal that appeared closer than ever.

Markets pricing in fresh supply fears: Hormuz, uranium, Lebanon risk torching ceasefire

Stock markets in Japan and South Korea hit fresh record highs on Monday on enthusiasm over the artificial intelligence boom and as investors await a decision on the Iran war ceasefire extension.

US benchmark West Texas Intermediate gained 2.5 percent to $89.60 a barrel.