Oil prices edge higher after strikes on Israel test ceasefire
Iran said the attacks, its first since an April ceasefire, are the start of "a full week" of strikes
Coverage by Political Leaning
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Notable Quotes
"He believed domestic shares were still 'slightly undervalued'."
— Lee Jae-myung , Politician
""We are very close to a final deal with Iran. It is going to be a good deal. I don't want it to blow up because of what is happening now.""
— Donald Trump , Politician
"Investors are 'repositioning' over fears the investments into artificial intelligence may be overvalued."
— Charu Chanana , Academic
"Investors are opting for tech companies 'with more reliable income streams and dividends'."
— Susannah Streeter , Academic
"Traders are again pricing in risks to global oil markets."
— Jiajia Yang , Academic
"La escalada entre Israel e Irán nos demuestra una vez más lo frágil que es el alto el fuego."
— Andy Lipow , Executive
"a full week of strikes"
— Iran , Other
"I am going to call Bibi right now and tell him not to retaliate."
— Donald Trump , Politician
"a full week of strikes"
— Iran , Other
"I am going to call Bibi right now and tell him not to retaliate."
— Donald Trump , Politician
Key People
Andy Lipow is the president of Lipow Oil Associates, a consulting firm focused on the oil industry.
Benjamin Netanyahu is the prime minister of Israel.
Chief investment strategist at Saxo who provided market insights.
Former president of the United States known for his aggressive economic policies.
Iran is a country in the Middle East known for its Islamic Republic government structure.
Associate Professor at James Cook University analyzing market risks.
Lee Jae-myung is a South Korean politician and leader of the Democratic Party.
Chief investment strategist at Wealth Club discussing tech companies.
Tags
All Coverage
Iran said the attacks, its first since an April ceasefire, are the start of "a full week" of strikes
Oil prices surged after Iran launched multiple missile barrages toward Israel in response to an Israeli strike on the outskirts of Beirut, threatening a fragile ceasefire and dimming hopes for a negotiated end to the conflict.
Oil prices increased by over $2 a barrel following Israel's strikes on the Beirut area, marking the first such action since the U.S. announced a ceasefire plan for Lebanon.
Oil prices climbed on Monday morning trade in Asia after Iran fired missiles at Israel for the first time since a fragile ceasefire was agreed between the countries and the US in April.
Oil prices climbed on Monday morning trade in Asia after Iran fired missiles at Israel for the first time since a fragile ceasefire was agreed between the countries and the US in April.

Oil prices started the week higher after Iran launched ballistic missiles at Israel on Sunday night, heightening fears that U.S.-Iran peace talks might once again fall apart.
Oil prices rose more than three percent on Monday when markets reopened after the weekend, reflecting renewed concerns over Iran's first attack on Israel since an April 8 ceasefire.
Oil prices surged nearly 5% on Monday after Israel struck a petrochemical plant in southwestern Iran and other military targets in retaliation for Iran’s missile barrages toward Israel, threatening a fragile ceasefire and dimming hopes for a negotiated end to the conflict.
The price of oil surpassed $96 per barrel after Iran's missile attack on Israel, marking a 3.5% increase in international markets and raising concerns about potential disruptions to oil supply.
Iran launched four missiles at Israel in response to an Israeli strike in Beirut, marking the first direct Iranian missile attack since the April 8 ceasefire, escalating regional tensions.
Israel launched airstrikes on southern Beirut in retaliation for a Hezbollah missile attack, raising concerns about drawing Iran into the conflict and potentially escalating tensions.
Oil prices rose more than three percent on Monday when markets reopened after the weekend, reflecting renewed concerns over Iran's first attack on Israel since an April 8 ceasefire.
Oil prices climbed on Monday morning trade in Asia after Iran fired missiles at Israel for the first time since a fragile ceasefire was agreed between the countries and the US in April.
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