A Lebanon Ceasefire and Potential Iran Peace Talks Push Oil Prices Down

Oil prices were once again under pressure in early Asian trade as a 10-day ceasefire between Israel and Lebanon came into effect and President Trump suggested talks with Iran may resume this weekend.  At the time of writing, WTI was trading at $93.26, down 1.51%, while Brent had fallen 1.03% to $98.37. Both benchmarks remained significantly below the triple-digit levels they had spiked to at the start of the week after the last round of talks broke down. The ceasefire between Israel and Lebanon,...