BEIJING, April 9 (Reuters) – U.S. crude futures rose on Thursday morning after settling with the biggest fall since April 2020 during the previous trading session, after U.S. President Donald Trump agreed to a two-week ceasefire with Iran.
U.S. West Texas Intermediate (WTI) crude rose $2.68, or 2.84%, to $97.09 a barrel at 2218 GMT.
Israel pounded Lebanon with its heaviest strikes yet on Wednesday, killing hundreds of people and drawing a threat of retaliation from Iran, which suggested it would be “unreasonable” to proceed with talks to forge a permanent peace deal with the United States.
Iran’s parliament speaker said Israel had already violated several conditions of that ceasefire by ramping up its parallel war against the Iran-aligned militia Hezbollah, while the United States had violated the agreement by insisting that Iran abandon its nuclear ambitions.