# Oil up as Israel, Hezbollah trade accusations of ceasefire violation | Reuters

> Brent rose 34 cents, or 0.5%, to $73.17 and WTI gained 16 cents to $68.88. Israel and Hezbollah traded accusations of ceasefire violations, and trading was thin due to the US Thanksgiving holiday.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/27565-oil-up-as-israel-hezbollah-trade-accusations-of-ceasefire-violation-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Middle East tensions add a modest risk premium to crude, which can raise diesel and fertilizer input costs, but the move is small and thin trade limits the impact.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-13 | [Oil settles up 7% as Israel, Iran trade air strikes \| Reuters](https://feedsoft.ai/events/10991-oil-settles-up-7-as-israel-iran-trade-air-strikes-reuters.md) | +10.2% | +1.1% |
| WTI | 2025-06-17 | [Oil prices rise more than 4% as Iran-Israel conflict escalates \| Reuters](https://feedsoft.ai/events/10994-oil-prices-rise-more-than-4-as-iran-israel-conflict-escalates-reuters.md) | -9.9% | -6.8% |
| WTI | 2026-03-12 | [Oil settles up 9% as Iran vows to keep Strait of Hormuz closed \| Reuters](https://feedsoft.ai/events/6638-oil-settles-up-9-as-iran-vows-to-keep-strait-of-hormuz-closed-reuters.md) | +10.6% | +13.9% |
| WTI | 2025-06-15 | [FACTBOX: Agriculture, metal markets wary of trade routes as Israel-Iran conflict heats up](https://feedsoft.ai/events/16935-factbox-agriculture-metal-markets-wary-of-trade-routes-as-israel-iran-conflict.md) | -6.1% | -7.8% |
| WTI | 2024-04-15 | [Iranian attacks on Israel sees only muted crude oil reaction: Russell \| Reuters](https://feedsoft.ai/events/30898-iranian-attacks-on-israel-sees-only-muted-crude-oil-reaction-russell-reuters.md) | -3.0% | -8.0% |
| BRENT | 2025-06-13 | [Oil settles up 7% as Israel, Iran trade air strikes \| Reuters](https://feedsoft.ai/events/10991-oil-settles-up-7-as-israel-iran-trade-air-strikes-reuters.md) | +12.0% | -0.8% |
| BRENT | 2025-06-17 | [Oil prices rise more than 4% as Iran-Israel conflict escalates \| Reuters](https://feedsoft.ai/events/10994-oil-prices-rise-more-than-4-as-iran-israel-conflict-escalates-reuters.md) | -1.7% | -5.5% |
| BRENT | 2026-03-12 | [Oil settles up 9% as Iran vows to keep Strait of Hormuz closed \| Reuters](https://feedsoft.ai/events/6638-oil-settles-up-9-as-iran-vows-to-keep-strait-of-hormuz-closed-reuters.md) | +23.1% | +16.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-edges-lower-after-jump-us-gasoline-stocks-opec-supply-decision-focus-2024-11-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.