Oil prices fall as Iran and US pause strikes over Strait of Hormuz tensions
Oil prices
Covered by 4 sources
- ET Markets·1h agoOil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?
Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US West Texas Intermediate crude stood at $84.64 a barrel, down $4.67, or 5.23%. The decline comes after crude prices surged 10% last week.
Read at ET Markets → - ET Markets·1h agoDollar pulls back as US-Iran attacks pause, oil drops
The dollar weakened against major currencies as the United States paused its bombing campaign in Iran. Oil prices also sank significantly after the temporary halt in military strikes. Investor confidence improved globally following reports of renewed peace talks and continued…
Read at ET Markets → - CNBC Top News·3h agoOil slides 5% as Iran reportedly signals halt to attacks if U.S. pause holds
Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place.
Read at CNBC Top News → - NYT Business·4h agoOil Prices Fall After U.S. and Iran Pause Fighting for a Second Day
No strikes have been reported from either side since Friday, leaving oil investors optimistic about a resolution to the conflict.
Read at NYT Business →
