Business

Oil Prices Fall as U.S.-Iran Tensions Ease

Updated 2026-07-28 03:40 UTC 1 source Neutral

Oil prices dropped more than 2% following a reported pause in hostilities between the U.S. and Iran, raising hopes of de-escalation. President Trump downplayed concerns about potential weapon shortages.

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CNBC

Oil price drop more than 2% as a pause in U.S.-Iran hostilities raises de-escalation hopes

Speaking to reporters aboard Air Force One on Monday en route to Michigan, Trump dismissed suggestions that the U.S. was running short on weapons.

2026-07-28 03:34 UTC