July 28 : Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes for a resolution in the U.S.-Iran war which significantly disrupted global energy flows.Brent crude futures were down $1.47, or 1.66 per cent, at $86.89 by 0326 GMT, their lowest since July 20. U.S. West Texas Intermedia

Brent oil drops 4% as US-Iran extend hostilities pause. New all-time high by September 30 at 6.2% YES.

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

Oil prices fell 5% as Iran reportedly agreed to suspend attacks, contingent on the U.S