World · 28 July 2026
Oil prices dip as US-Iran talks hint at unexpected resolution
Benchmark crude extended its slide on Tuesday, with Brent falling to around $86 a barrel to mark a one-week low. Donald Trump confirmed Washington is holding positive discussions with Tehran after halting American strikes, while Oman suggested a joint framework for the Strait of Hormuz. The diplomatic thaw helped cool supply fears, driving an uptick in Red Sea shipping traffic.
Reported by Reuters · How we write briefs