Oil prices dip over 6% after US, Iran pause fighting over weekend

New York Post
By ReutersJul 27, 2026, 4:03 am85 pts
Oil prices tumbled more than 6% on Monday after the ‌US and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz.

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