Israel–Hezbollah truce eases immediate supply fears as Brent rebounds above $80 a barrel

Israel and Hezbollah agreed on a temporary ceasefire in southern Lebanon on Friday, easing pressure from a recently escalating regional conflict. The pause offers breathing room ahead of U.S.–Iran talks under a 60-day framework agreement, prompting markets to reassess Middle East supply risks. Brent crude has rebounded from this week’s low of $77 a barrel to above $80 a barrel, according to the report. The truce does not resolve core security demands, and uncertainty remains over the reopening of the Strait of Hormuz and a broader restoration of supply.