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Published: 5 June 2026,06:28
Daily Market Analysis New
*Middle East tensions re-emerge after Hezbollah rejects a U.S.-brokered ceasefire proposal
*Renewed Israeli airstrikes in Lebanon raise doubts over regional peace efforts
*Oil prices rebound as geopolitical risk premium returns
*Markets remain focused on whether broader U.S.–Iran negotiations can still progress
Global market sentiment remained cautious as fresh tensions emerged in the Middle East, complicating recent peace efforts and reviving concerns over regional stability. Hezbollah recently rejected a U.S.-brokered ceasefire agreement that had reportedly been accepted by both the Lebanese and Israeli governments, raising doubts over the durability of diplomatic progress in the region.
U.S. President Donald Trump stated that while the United States has the capability to seize Iran’s enriched uranium immediately, there is currently “no reason to” do so. He also noted that progress had been made regarding Lebanon and expressed hope that peace could eventually be achieved. However, Hezbollah’s leadership strongly condemned the ceasefire proposal, describing it as a “roadmap to annihilate part of the Lebanese people.”
Adding to market concerns, renewed Israeli airstrikes reportedly caused casualties across Lebanon less than a day after Lebanese and Israeli officials reached a ceasefire agreement in Washington. The latest developments have once again complicated the geopolitical outlook and raised concerns that regional tensions could continue for an extended period.
Crude oil prices rebounded as renewed tensions in Lebanon added another layer of uncertainty to the broader Middle East conflict. While investors remain hopeful that the United States and Iran could eventually reach a comprehensive agreement, setbacks in regional ceasefire efforts have revived concerns over energy security and potential supply disruptions.
Although the Strait of Hormuz remains the key focus for oil markets, any escalation involving Lebanon, Israel, or Iran could continue supporting crude prices through a renewed geopolitical risk premium. As a result, oil prices may remain sensitive to further headlines, particularly if regional tensions threaten broader energy flows or delay progress in wider peace negotiations.
Technical Analysis
CL-Oil, H4:
Crude oil prices are trading higher and are currently testing the moving average (MA) resistance, a key technical level that could determine the next directional move.
Momentum is improving, with the MACD forming a bullish crossover (golden cross) and the RSI at 46 rebounding sharply from oversold territory, indicating recovering buying interest.
A confirmed breakout above the MA resistance could strengthen the bullish outlook and open the path toward the next resistance at 96.15, with further upside toward 100.75 if momentum continues to build.
However, if bullish momentum fails to sustain, prices may retrace toward the 90.40 support level, with further downside toward 85.75 if selling pressure re-emerges.
Resistance Levels: 96.15, 100.75
Support Levels: 90.40, 85.75
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