Oil prices eases, but on track for weekly gain, amid Middle East tensions in Oil & Companies News 06/06/2026 Oil prices dipped slightly on Friday after Oman announced that operations at Mina al Fahal port were back to normal following reports that oil loadings had been halted after an explosion. According to Reuters, citing people familiar with the matter, the explosion occurred between single-buoy mooring 1 and 2 berths because of an alleged drone attack. It was not clear when the strike took place, Reuters said, adding that LSEG data showed several supertankers anchored off the port. Brent crude futures for August, the global oil benchmark, fell by nearly 0.3% to $94.75 a barrel by 05:48 ET (09:48 GMT), while U.S. West Texas Intermediate crude futures declined 0.4% to $92.69 a barrel. Hezbollah rejects Israel ceasefire, undermines Iran peace hopes But the contracts remained on track for their first weekly gain in three weeks, driven by ongoing Middle East tensions which have left the prospect of an imminent U.S.-Iran peace deal mired in uncertainty. Hopes have swirled around the potential for an agreement that would reopen the Strait of Hormuz, a vital waterway for a fifth of the world’s oil supply which has been effectively closed to tanker traffic since the start of the Iran conflict in late February. The Iran-backed Hezbollah militia rejected a proposed ceasefire with Israel on Thursday and said it will not withdraw troops from the country, while also denouncing Lebanon-Israel negotiations. Israel kept up its air strikes in southern Lebanon, drawing retaliatory attacks from Hezbollah. Israeli officials signaled that forces would not be withdrawing from southern Lebanon or halting operations in the country, after a brief pause earlier this week. The development further undermined hopes for a U.S.-Iran peace deal, given that Tehran has repeatedly signaled that a Lebanon ceasefire is paramount for any lasting peace agreement. Reports earlier this week showed I