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Originally published by Capital Business
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business
June 8, 2026
1h ago

Oil prices edge higher after strikes on Israel test ceasefire

Oil prices edge higher after strikes on Israel test ceasefire

The price of the global benchmark Brent jumped by 2.6% to $95.50 (£71.60) a barrel, while US-traded crude rose by 2.5% to $92.75. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Oil prices experienced an increase as Iran launched missiles at Israel, potentially jeopardizing a fragile ceasefire agreement.

  • The global benchmark Brent crude oil price jumped by 2.6% to $95.50 a barrel.
  • Iran's Islamic Revolutionary Guard Corps (IRGC) issued warnings of further strikes.
  • US President Donald Trump reportedly urged Israel not to retaliate, aiming to preserve a potential deal with Iran.

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