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Oil prices fall as Iran and US pause strikes over Strait of Hormuz tensions

Global oil prices fell by more than 5 per cent as the US and Iran paused tit-for-tat strikes after w...

BUSINESS NEWS July 26, 2026

Oil prices fall as Iran and US pause strikes over Strait of Hormuz tensions

Global oil prices fell by more than 5 per cent as the US and Iran paused tit-for-tat strikes after weeks of escalating violence over the Strait of Hormuz.

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Global oil prices fell by more than 5 per cent as the US and Iran paused tit-for-tat strikes after weeks of escalating violence over the Strait of Hormuz.

Author: Financial Times

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