Business

Oil Prices Drop Amid U.S.-Iran Tensions

Updated 2026-08-03 10:40 UTC 1 source Neutral

Oil prices fell to a three-week low on Monday after President Trump announced the cancellation of planned military action against Iran, easing tensions between the two countries.

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MarketWatch
Oil prices declined sharply on Monday as hopes rose among investors of a potential de-escalation in the war between the U.S. and Iran.
2026-08-03 10:26 UTC
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