LONDON , July 27 : Oil prices tumbled 7 per cent on Monday, hitting a one-week low, after the U.S. and Iran paused strikes over the weekend following 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. Brent cr

Brent fell about 6 per cent toward US$91 a barrel, while West Texas Intermediate was below US$84. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices have fallen further in early trading after setting a two-month high set last week

Oil prices experienced a significant five percent decline on Monday. This drop occurred after the United States and Iran paused strikes over the weekend. Hopes for a diplomatic…

Crude oil prices drop as US and Iran pause strikes, signaling potential de-escalation in regional tensions.