Wednesday, July 22, 2026
Oil falls to near two-month lows as Trump calls off threatened strikes on Iran- oil and gas 360

Oil falls to near two-month lows as Trump calls off threatened strikes on Iran

(Investing) – LONDON – Oil prices fell nearly 3% on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures were down $2.27, or 2.5%, at $88.11 a barrel by 1322 GMT, while U.S. West Texas Intermediate (WTI)

Oil falls on signs of progress in U.S.-Iran talks amid more market stress- oil and gas 360

Oil falls on signs of progress in U.S.-Iran talks amid more market stress

(Investing) – LONDON – Oil prices fell more than 2% on Monday on signs of progress in talks between the U.S. and Iran while investors remained concerned about economic headwinds from tariffs which could curb demand for fuel. Brent crude futures slipped $1.54, or 2.3%, to $66.42 a barrel by 1230 GMT after closing up 3.2% on Thursday. U.S. West Texas Intermediate