Oil prices barely budged after Hezbollah confirmed that its leader was killed on Friday in an Israeli airstrike in the Lebanese capital of Beirut.
Oil prices didn’t react sharply on Monday after Hezbollah confirmed that its leader was killed on Friday in an Israeli airstrike in the Lebanese capital of Beirut.
Over the weekend, Israel Defense Forces reported that Hassan Nasrallah, who had led the Iran-backed militant group Hezbollah for over thirty years, was killed on Friday during a “targeted strike” on the group’s headquarters in Beirut.
Hezbollah, classified as a terrorist organization by several countries including the U.S. and the UK, is known for its violent opposition to Israel and its resistance to Western influence in the Middle East, according to the U.S. Director of National Intelligence and London Assembly.
The incident follows several months of conflict and had raised concerns of a wider conflict involving Iran. The IDF characterized Nasrallah as the group’s “central decision-maker” and “strategic leader.
