Oil Prices Plunge as US-Iran Attacks Pause, Sparking Hope for Diplomatic Breakthrough
Brent crude fell 8.70% to $88.36 per barrel on Monday, July 27, 2026, after the United States and Iran halted reciprocal bombings for a second consecutive day. President Donald Trump said there are 'good probabilities' of reaching a deal, offering a much-needed respite for global energy markets amid the conflict that began on February 28, 2026.









