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Oil prices fall as US pauses strikes on Iran over strait of Hormuz

The Guardian

BusinessThe Guardian·Jul 27, 2026·1 min read

Oil prices fall as US pauses strikes on Iran over strait of Hormuz

Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall Business live – latest updates Oil prices have dropped sharply as traders bet that a pause in US attacks on Iran could prevent an escalation in the…

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