Oil Pares Gains After Trump Efforts to Broker Israel-Hezbollah Ceasefire

By Dow Jones Newswires Staff Oil pulled back from overnight gains as President Trump moved to assuage fears of escalating conflict in the Middle East though U.S. futures were shy of fresh record highs. Treasury yields and the dollar fell back from overnight highs after the Lebanese embassy in the U.S. said it received confirmation of Hezbollah’s acceptance of a U.S.-proposed partial ceasefire. A halt to Israel’s expanded offensive into Lebanon is increasingly central to U.S. efforts to agree on a deal to reopen the Strait of Hormuz. U.S. stock futures were in the red after Asian markets broadly slipped,…