Oil prices dip over 6% after US, Iran pause fighting over weekend

Center-Left: <a href="https://www.axios.com/2026/07/26/hormuz-bombing-pause-trump-iran" rel="noopener nofollow">Top U.S. military commander in Middle East advised halting Hormuz bombing — www.axios.com
Center-Left: <a href="https://www.axios.com/2026/07/25/trump-iran-war-military-directive-strikes" rel="noopener nofollow">Trump ordered military not to conduct strikes in Iran Friday — www.axios.com
Center-Left: <a href="https://www.today.com/video/us-iran-strikes-ease-after-two-weeks-of-constant-attacks-267285573503" rel="noopener nofollow">US-Iran Strikes Ease After Two Weeks of Constant Attacks — www.nbcnews.com
Center-Left: <a href="https://www.washingtonpost.com/world/2026/07/25/houthis-claim-attack-saudi-oil-refinery-iran-war-widens-red-sea/" rel="noopener nofollow">Houthis claim attack on Saudi oil refinery as Iran war widens to Red Sea — www.washingtonpost.com

Source: nypost.com · Section: headlines · Bias: Center-Right · Published: Mon, 27 Jul 2026 08:03:33 GMT

Oil prices tumbled more than 6% on Monday after the ‌US and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz.