Oil prices eased as Israel and Lebanon’s ceasefire agreement boosted hopes for a broader deal to end the US-Israeli war with Iran, while the U.S. House approved a resolution seeking to curb President Donald Trump’s war powers, Reuters reports.

Brent futures were down 67 cents, or 0.69 per cent, at $97.14 a barrel by 0015 GMT, while US West Texas Intermediate CLc1 crude fell 62 cents, or 0.65pc, to $95.4.

Both benchmarks rose about 2pc on Wednesday, extending the previous session’s gains, after renewed Middle East hostilities including Iranian attacks on Kuwait and US military strikes near the Strait of Hormuz.