Brent Crude Oil Price Falls Below $84 as Trump Pauses Iran Strike Plans

brent crude oil price falls below 84 as trump pauses iran strike plans 2026 08 03 07 18 24

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The Brent crude oil price fell below $84 a barrel, while U.S. crude dropped below $79, after President Donald Trump paused planned military strikes on Iran and announced renewed diplomatic talks aimed at reopening the Strait of Hormuz. Brent briefly slid as much as 7.3% to $81.55 before recovering, unwinding part of July’s rally. Despite …

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