World · 27 July 2026
Oil prices drop 4% as US-Iran pause, but one threat remains
Image by ArtPhoto_studio on Freepik
Brent crude dropped nearly four dollars to $92.82 a barrel after rising for the previous three weeks. US ambassador Mike Waltz said President Donald Trump halted attacks over the weekend to give diplomacy a chance. However, tanker traffic through the Strait of Hormuz remains very low while Yemeni Houthis hit Saudi energy facilities along the Red Sea.
Reported by Reuters · How we write briefs