World · 3 August 2026
Oil prices drop 4% as Donald Trump announces Monday talks with Iran
Brent crude dropped to $83.88 a barrel on Monday after the US president paused a planned military strike to get shipping moving through the Strait of Hormuz again. He hopes a fresh agreement will settle the ongoing dispute over Tehran's nuclear programme. Meanwhile, the Japanese yen hit its strongest level since May after Washington and Tokyo stepped in together to buy the struggling currency.
Reported by Reuters · How we write briefs