Smoke billows following an Israeli airstrike in the southern Lebanese border village of Chihine on July 28, 2024. Crude oil futures fell on Monday as traders appeared unfazed by the risk of widening war between Israel and the Iran-backed militia Hezbollah. Here are today's energy prices:Middle East tensions pushed oil prices higher in the spring, but the market's reaction to events in the region have been muted since then in the absence of an actual risk to oil supplies. Analysts have warned that a war between Israel and Hezbollah could lead to a direct confrontation with OPEC member Iran, which backs the militia group. Oil prices have pulled back recently on worries about the health of China's economy.

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Persons: Israel, Benjamin Netanyahu's, John Evans Organizations: Hezbollah Locations: Lebanese, Chihine, Israel, Iran, Lebanon, Golan