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geopoliticsbearishWTIPublished Jul 28, 2026, 6:00 AM

US-Iran Strike Pause Triggers Sharp Oil Price Drop

US-Iran Strike Pause Triggers Sharp Oil Price Drop
The US and Iran paused strikes over the Strait of Hormuz after two weeks of attacks, causing Brent crude to fall more than 8% to around $89 per barrel and easing safe-haven demand for the dollar.

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