Business

Oil Prices Drop After Trump's Decision

Updated 2026-08-02 23:40 UTC 1 source Negative

Oil prices fell by over 4% as investors reduced geopolitical risk premiums after U.S. President Donald Trump announced he had called off a planned strike on Iran.

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CNBC

Oil drops over 4% after Trump calls off planned strike on Iran

Oil prices fell on Monday as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had called off a planned strike on Iran.

2026-08-02 23:33 UTC