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Oil prices fell 1% as market participants continued to weigh a pause in U.S. strikes on Iran, which has raised hope of a diplomatic solution to their conflict and the normalisation of Middle East energy flows. Brent crude futures were down $0.54, or 0.6%, at $87.82 by 0046 GMT. U.S. West Texas Intermediate crude was…
Small boats line the shore as cargo ships and other commercial vessels appear anchored in the Strait of Hormuz off Bandar Abbas, Iran, on July 27, 2026. | Photo Credit: AP Iran said on Monday (July 27, 2026) it was still in control of the Strait of Hormuz and not seeking to resume peace talks…
Read More “Iran says it still controls Hormuz, not involved in negotiations with the U.S.” »
The dollar slumped against its major peers at the start of Asian trading on Monday after the U.S. paused its bombing campaign in Iran during the weekend, prompting a drop in oil prices and boosting global investor confidence. Against the yen, the U.S. dollar was down 0.2% at 163.585 yen, its biggest decline since July…
Read More “West Asia War LIVE: Iran halts strikes as Trump gives space to talks” »