The Guardian Aug 3, 2026 · 8:44 AM · 1 min read

Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes

Brent crude drops by 5% after US president said talks on Middle East peace deal would resumeBusiness live – latest updatesCrude oil prices fell sharply and European stock markets rallied on Monday after Donald Trump cancelled planned strikes on Iran to focus on negotiations for a peace deal.Brent crude was trading 5% lower at $83.50 a barrel by mid-morning, after falling as low as $81.55 a barrel. US West Texas Intermediate dropped more than $5 to $79.47 a barrel. Continue reading...

This is a summary aggregated from The Guardian. Read the complete article on the original site:

Read full article at The Guardian

Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes

More Business & Finance News

We crossed 6,000 downloads. Here's what we shipped to get there.

Why the US Is Stepping In to Prop Up Japan’s Yen

Warsh tightened more by pausing than by lifting rates, this bond-market veteran argues. Here’s the math.

Will Tarik Skubal make his LA Dodgers debut against the Chicago Cubs this week?

Joint U.S.-Japanese intervention boosts the yen — but will it be enough?

AstraZeneca slides after report of Bristol Myers merger talks leaves analysts 'perplexed'