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WORLDAug 2 · 23:02 UTCWPLG LOCAL 10 MIAMIBy CATHY BUSSEWITZ, Associated Press

Oil prices drop after Trump orders US forces to hold off on new strikes against Iran

Oil prices fell 5% after President Trump ordered U.S. forces to avoid new strikes against Iran, easing concerns over the Middle East conflict impacting oil shipments. The potential resolution could allow oil tankers to navigate the Strait of Hormuz, with U.S. and Brent crude prices dropping to $80.79 and $83.87 per barrel, respectively.

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Donald TrumppersonUnited StatesplaceIranplaceStrait of HormuzplaceU.S. crude oiltopicBrent crudetopic
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