Oil prices edge higher after strikes on Israel test ceasefire
BBC News·June 8, 2026

Oil prices have risen following strikes on Israel, which have put the recent ceasefire to the test. The attacks, carried out by Iran, mark the country's first military action since the April ceasefire agreement. Iran has stated that the strikes are just the beginning of "a full week" of attacks, sparking concerns about the potential for further escalation. The increase in oil prices reflects the heightened uncertainty and tension in the region.
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