Why did oil prices fall more than 5% on Monday according to the news?

Oil prices fell more than 5% on Monday because U.S. President Donald Trump paused strikes on Iran after two weeks of attacks, raising hopes of a diplomatic solution that may de-escalate the conflict in the Middle East.

What were the specific price changes for Brent crude and WTI crude futures as reported in the news?

Brent crude futures slipped $5.58, or 5.77%, to $91.20 by 2204 GMT, while U.S. West Texas Intermediate crude was at $84.40 a barrel, down $4.91, or 5.50%.

Oil slips more than 5% after US pauses strikes on Iran

Jul 26, 2026

Oil prices fell more than 5% after U.S. President Donald Trump paused strikes on Iran, raising hopes for de-escalation. Brent crude dropped to $91.20 while WTI settled at $84.40 per barrel.

reuters

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