Oil traders were shrugging off the risk of a wider Middle Eastern conflict that could threaten crude supplies.

Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces.

Oil prices remained stable on Monday, poised to experience a third consecutive month of decline as strong supply forecasts and uncertainty surrounding demand overshadow concerns regarding escalating conflicts due to Israeli strikes in Lebanon and Yemen.

Nasrallah was a beacon for anti-Israel forces across the Middle East and beyond, and his death is a major blow to Hezbollah. Hezbollah and Israel’s military chief of staff vowed to continue fighting,

But it is not too early to conclude that Mr Nasrallah’s death will reshape Lebanon, and the region, in ways that would have been unthinkable a year ago. Since October 8th, when Hizbullah started firing rockets at northern Israel in solidarity with Gaza,