Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal
Two tankers laden with Saudi oil crossed the Bab el-Mandeb Straitout of the Red Sea over the weekend while traffic in the Strait of Hormuz slowed following reports of vessel attacks, shipping data showed on Monday, August 3, 2026. File | Photo Credit: Reuters Oil prices tumbled $4 a barrel on Monday (August 3, 2026)…
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