Crude Gains Over 2% As Middle East Tensions Intensify

Oil prices rose over 2% as Israel expanded its Lebanon offensive, heightening West Asia tensions. US crude reached $89.73, Brent $93.28. Israel’s deeper incursion and Strait of Hormuz concerns pressured supply outlook. Despite weak China data, geopolitical risks and US-Iran tensions, including recent strikes, continue to drive volatility in global energy markets.