Foreign: Oil prices fell on Thursday as a ceasefire agreement between Israel and Lebanon boosted hopes for a comprehensive deal to end the US-Israeli war with Iran, while the US House of Representatives passed a resolution seeking to curb President Donald Trump’s war powers.
Brent crude fell 67 cents, or 0.69%, to $97.14 a barrel, while U.S. West Texas Intermediate CLc1 crude fell 62 cents, or 0.65%, to $95.4, according to Reuters on June 4, 2026.
Both benchmarks rose about 2% on Wednesday, extending gains from the previous session. After renewed hostilities in the Middle East, including Iran’s attack on Kuwait and a US military strike near the Strait of Hormuz.
In the United States, the Republican-led House of Representatives passed a resolution on Wednesday to block Donald Trump from going to war with Iran. To take effect, the resolution would need Senate approval and a two-thirds majority in both houses to override Trump’s almost certain veto.
Translated by Nay Tola
