Oil slips more than 5% after US pauses strikes on Iran

Oil prices extended ​losses on Monday, ‌falling more than 5%, after U.S. ​President Donald ​Trump paused strikes ⁠on Iran after ​two weeks ​of attacks, raising hopes of a diplomatic ​solution that ​may de-escalate the conflict ‌in ⁠the Middle East.

Jul 27, 2026 - 05:00
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Oil slips more than 5% after US pauses strikes on Iran
Oil prices extended ​losses on Monday, ‌falling more than 5%, after U.S. ​President Donald ​Trump paused strikes ⁠on Iran after ​two weeks ​of attacks, raising hopes of a diplomatic ​solution that ​may de-escalate the conflict ‌in ⁠the Middle East.

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