Lebanon Conflict Keeps Oil Prices Steady at $89 Per Barrel

Oil prices are holding steady at around $89 per barrel, despite ongoing conflict in Lebanon and attacks on oil ships near the Strait of Hormuz.

The recent Israeli airstrikes in Lebanon killed at least 11 people, including a senior Hezbollah commander, while another vessel was attacked in the region near the Strait of Hormuz.

Persian Gulf countries are still managing to export around 4 million barrels of oil each day, despite these risks.