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| Economy |
| Oil prices drop more than 5% on renewed hopes for US-Iran deal |
| 2026-07-27 |
| [IsraelTimes] Oil 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. Related: Oil price 07/25/2026 Iran's military has promised to kill one US soldier for every Iranian killed, not interested in US truce Oil price 07/08/2026 US announced the beginning of a series of powerful strikes on Iran, hit over 80 targets; IRGC claims they hit 85 Oil price 06/30/2026 Trump orders gas stations to slash prices 'immediately' as he fumes over 'totally illegal' gouging - and warns of 'big problems' ahead if retailers refuse |
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