MAEXO
geopoliticsbearishBRENTPublished Jun 24, 2026, 6:00 AM

Israel and Hezbollah agree ceasefire, oil supply risks decline

Israel and Hezbollah agree ceasefire, oil supply risks decline
Israel and Hezbollah reached a ceasefire agreement in Lebanon, allowing oil shipments to begin moving through the Strait of Hormuz and reducing Middle East supply disruption fears. Brent crude is set for an 8% weekly decline as a result.

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