{"id":35929,"date":"2026-06-01T10:23:19","date_gmt":"2026-06-01T08:23:19","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=35929"},"modified":"2026-06-01T10:23:19","modified_gmt":"2026-06-01T08:23:19","slug":"oil-rises-as-us-iran-trade-strikes-israel-moves-further-into-lebanon","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-rises-as-us-iran-trade-strikes-israel-moves-further-into-lebanon\/","title":{"rendered":"Oil rises as US, Iran trade strikes, Israel moves further into Lebanon"},"content":{"rendered":"<div dir=\"auto\">Oil prices rose more than \u200b3% on Monday after Iran and the United States (US) traded strikes and Israel ordered troops to move further into Lebanon in \u200cits battle with Tehran-backed Hezbollah.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">US crude futures rose $2.88 or 3.3% to $90.24 a barrel. Brent futures rose $2.78 or 3.05% to $93.9 a barrel.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The fighting, after Washington hosted Israel-Lebanon peace talks on Friday, dimmed hopes that the US and Iran could soon announce an extension to their \u200bceasefire, which had driven Brent and West Texas Intermediate to settle down 1.8% and 1.7%, respectively, on Friday.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The US said on \u200bSunday it conducted &#8220;self-defence strikes&#8221; on radar and drone control sites in Iran&#8217;s Goruk and Qeshm Island \u2060over the weekend in what it said was a response to &#8220;aggressive&#8221; actions by Tehran.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Iran&#8217;s elite Islamic Revolutionary Guard Corps said \u200bon Monday its aerospace force targeted an air base used in what it called a US attack on a telecoms tower \u200bon Sirik Island.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">US President Donald Trump said on Friday he would soon decide on a proposed deal to extend a ceasefire announced in early April, giving negotiators more time to seek a permanent end to the war and find a solution to the underlying dispute over Iran&#8217;s nuclear programme.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":15127,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-35929","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices rose more than \u200b3% on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35929\/revisions"}],"predecessor-version":[{"id":35930,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35929\/revisions\/35930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15127"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=35929"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=35929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}