Live Update 
From the Liveblog of
Monday, July 27, 2026
From the Liveblog of
Monday, July 27, 2026
Oil prices drop more than 5% on renewed hopes for US-Iran deal
Add ToI as a Preferred Source on GoogleOil prices drop sharply at Monday’s opening of Asian markets as investors breath cautious sighs of relief following two consecutive nights without US strikes on Iran, leaving the door open for new talks.
The price of a barrel of international benchmark North Sea Brent crude falls 5.58 percent to $91.38, while its US counterpart West Texas Intermediate slides $5.46 percent to $84.43.
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