Iran Called for Lebanon Ceasefire and Got It: How Markets Have Moved

A ceasefire between Israel and Lebanon just moved two of the world’s biggest commodity markets simultaneously.

Israel and Lebanon agreed to implement a ceasefire on Thursday, June 4.

WTI crude dropped more than 3% to $92.87 per barrel in one of the sharpest single-session moves in weeks. Spot gold settled at $4,475, up more than 1%, as the dollar weakened and Treasury yields eased on the prospect…