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Latest Oil Market News and Analysis for July 27

Bloomberg Markets Sunday 26 July 2026, 22:02 UTC By Kanoko Matsuyama 1 min read
Key Points

Oil Slumps as US Pause of Iran Strikes Cools Regional Tensions Oil tumbled at the week’s open after the US paused strikes against Iran over the weekend, easing energy supply risks in the Middle East even as Houthis claimed attacks against targets in Saudi Arabia. Global benchmark Brent fell more than 7% in the initial few minutes, dipping below $90 a barrel, before trading near $92. European natural gas also tumbled.

Oil Slumps as US Pause of Iran Strikes Cools Regional Tensions Oil tumbled at the week’s open after the US paused strikes against Iran over the weekend, easing energy supply risks in the Middle East even as Houthis claimed attacks against targets in Saudi Arabia. Global benchmark Brent fell more than 7% in the initial few minutes, dipping below $90 a barrel, before trading near $92. European natural gas also tumbled.
Latest Oil Market News (ORG) US (LOCATION) Iran (LOCATION) the Middle East (LOCATION) Saudi Arabia (LOCATION) Brent (PERSON) European (ORG)
Originally published by Bloomberg Markets Read original →

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