Oil Prices Tumble After Trump Halts Iran Attack for Deal on Hormuz Reopening

Oil prices, including Brent crude and US West Texas Intermediate, fell significantly on Monday as US President Donald Trump announced a pause in military action against Iran to pursue a deal aimed at reopening the Strait of Hormuz.

Reported by Dawn

By AUZZ Newsdesk (Dawn)

Published Monday 3 August 2026 at 6:50 am AEST 2 min read

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Oil Prices Tumble After Trump Halts Iran Attack for Deal on Hormuz Reopening

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