Oil prices: Crude jumps over 2% after Israel intensifies attacks in Lebanon

Oil prices surged over 2% as Israel ordered troop deployments into southern Lebanon, escalating tensions with Hezbollah. This renewed fighting raises concerns for a US-Iran ceasefire extension and regional stability, impacting global energy supply outlooks. Mines in the Strait of Hormuz further complicate efforts to restore shipping traffic.

By TOI BUSINESS DESK