International oil prices fell on May 4th after Israel and Lebanon agreed to a ceasefire, easing military tensions in the Middle East and raising expectations for a peace deal between the US and Iran.
The US announced a new ceasefire deal between Israel and Lebanon, but its viability is questioned due to conflicting statements from Israeli officials, Hezbollah, and Iran. The deal aims for Hezbollah's withdrawal and Lebanese army control in southern Lebanon, but omits Israeli withdrawal.
Senate Republicans are attempting to pass immigration funding, while Israel and Lebanon have renewed a ceasefire. President Trump has also altered federal worker status, and concerns arise over heat risks at the Men's World Cup.
Gold prices experienced a minor decrease on June 4, 2026, following reports of a ceasefire agreement between Israel and Lebanon. This development, announced by the Donald Trump administration, has sparked optimism for broader diplomatic progress, potentially influencing the Iran dispute. Major jewelers noted slight price drops for 22k gold.
European stocks traded flat Thursday as US-Iran tensions escalated, despite a ceasefire agreement between Israel and Lebanon. Universal Music Group shares fell after Pershing Square sold its stake.
The US House of Representatives voted to end military action in Iran, a symbolic blow to President Trump. Israel and Lebanon agreed to a ceasefire, but it's being tested. A drone strike on Kuwait airport killed one, with Iran denying responsibility.
European stocks are expected to open lower on Thursday due to escalating tensions between Washington and Tehran, despite a ceasefire agreement between Israel and Lebanon. Iran's airport was reportedly struck, and Israel and the US are prepared to strike Iran again if necessary.
SpaceX sets $1.77T IPO price, potentially making Elon Musk world's first trillionaire. Israel-Lebanon ceasefire announced, easing oil prices. EU unveils 'tech sovereignty' package. SoftBank's AI bet and debt raise liquidity concerns.
Israel and Lebanon agreed to a conditional ceasefire after talks in Washington. Meanwhile, US-Iran negotiations for peace are stalled, despite Trump's optimism. The US House of Representatives also passed a resolution to withdraw troops from the Iran conflict, challenging Trump.
Israel and Lebanon agreed to a ceasefire, contingent on Hezbollah's withdrawal from South Litani Sector. The US House passed a resolution limiting Trump's war powers. Separately, an Indian national was killed in a Kuwait airport strike.
Israel and Lebanon have agreed to a ceasefire, announced by the Trump administration, contingent on Hezbollah halting hostilities and withdrawing from southern Lebanon. The US seeks to leverage this to advance peace talks with Iran, though Tehran links the conflicts.
The US State Department announced a ceasefire agreement between Israel and Lebanon, requiring Hezbollah to withdraw from southern Lebanon. This follows recent deadly Israeli airstrikes and Hezbollah rocket fire, testing a fragile truce. The agreement aims for full Lebanese Armed Forces control in designated zones.
Russia's UN envoy Vasily Nebenzya stated that the April ceasefire between Israel and Lebanon failed to de-escalate tensions and served as a "smokescreen for aggression." He accused Israel of expanding its occupation zone and employing scorched-earth tactics while the international community awaited further talks.
A US-brokered ceasefire between Israel and Lebanon, initially set to expire Sunday, will be extended by an additional 45 days. Talks will reconvene in early June to advance peace and recognition of sovereignty, with military delegations meeting on May 29.
Oil prices fell Friday as the US and Iran prepare for direct talks in Pakistan. Brent crude fell 0.23% to $104.83 per barrel while WTI dropped about 2% to $93.90. US special envoy Steve Witkoff and Jared Kushner will travel to Pakistan Saturday for talks with Iranian counterparts. The International Energy Agency warned the Strait of Hormuz closure represents the biggest energy security threat in history, with 13 million barrels per day of oil production lost.
Israel and Lebanon extended their shaky ceasefire by three weeks as US President Trump announced the truce prolongation after meeting envoys in Washington. Iran's foreign minister is traveling to Pakistan for regional talks amid ongoing tensions over the Strait of Hormuz, which has choked off global oil trade. Hezbollah claimed it shot down an Israeli drone, while Lebanese civilians continue searching rubble for belongings lost in airstrikes.
Oil prices declined Friday amid reports that Iranian Foreign Minister Abbas Araghchi will arrive in Pakistan for peace talks with the U.S. Brent crude fell 0.42% to $104.63 per barrel while WTI dropped 1.15% to $94.75. The news came as Israel and Lebanon agreed to extend their ceasefire by three weeks. Meanwhile, the conflict between the U.S. and Iran has evolved into naval blockades closing the Hormuz Strait, through which about 20 million barrels of oil ship daily. The IEA head warned the world faces the biggest energy security threat in history, with 13 million bpd of oil lost.
Oil prices rose Friday as the Middle East conflict continues to stoke energy worries, with both the U.S. and Iran seizing ships while the Strait of Hormuz remains shut. Brent crude climbed 0.63% to $105.73 per barrel, while WTI advanced 0.32% to $96.17. The IEA warned of the biggest energy security threat in history, with 13 million barrels per day of oil lost and about 20 million barrels shipped daily through the strait before the war.
Trump announces Israel-Lebanon ceasefire extended by three weeks following White House talks with senior officials from both countries. The US will help Lebanon strengthen its defense capabilities against Hezbollah. The initial ceasefire was due to expire Monday after just over a week in place, with reported violations from both sides.
Oil prices rose Friday as the Middle East conflict continues to stoke energy worries, with both the U.S. and Iran seizing ships and the Strait of Hormuz remaining shut. International benchmark Brent crude rose 1.25% to $105.38 per barrel, while WTI futures advanced 1.14% to $96.96 per barrel. The Israel-Lebanon truce was extended following a meeting at the White House, but naval blockades keep the vital strait closed, with about 20 million barrels of oil shipped daily before the war. IEA head Fatih Birol warned the situation represents the biggest energy security threat in history, with 13 million barrels per day of oil lost.
Trump announced a three-week extension to the Israel-Lebanon ceasefire, calling the meeting with Israeli and Lebanese ambassadors 'very historic' and saying it went 'very well.' The ceasefire, which took effect on April 16 and was originally set for 10 days, is expected to ease tensions related to Washington's truce with Tehran, which was also extended this week.
President Trump announced Thursday that Israel and Lebanon have agreed to extend their ceasefire for three weeks following White House talks, continuing the fragile truce between Israel and Hezbollah. The announcement comes amid escalating US-Iran tensions, with the US seizing an Iranian oil tanker in the Indian Ocean and Trump ordering Navy forces to shoot at Iranian boats laying mines. Iran dismissed the ceasefire extension as meaningless, citing the US naval blockade as a violation. Meanwhile, Pentagon turmoil continued with Navy Secretary John Phelan's dismissal.
US President Donald Trump announced Thursday that the Israel-Lebanon ceasefire will be extended by three weeks, expressing optimism about a potential peace deal this year. The talks, moved from the State Department to the White House, involved envoys from both Israel and Lebanon, with Israel stating it has no serious disagreements with the Lebanese government.
President Donald Trump announced Thursday that Israel and Lebanon have agreed to extend their ceasefire by three weeks following a meeting at the White House with high-ranking representatives from both countries. Trump stated the U.S. will work with Lebanon to help protect it from Hezbollah, the Iran-backed militia group. The meeting included Trump, Vice President JD Vance, Secretary of State Marco Rubio, and U.S. ambassadors to both nations.
