Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes

Business · en

Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes

The Guardian · Aug 3, 2026, 8:44 AM UTC

Brent crude drops by 5% after US president said talks on Middle East peace deal would resume Business live – latest updates Crude oil prices fell sharply and European stock markets rallied on Monday after Donald Trump cancelled planned strikes on Iran to focus on negotiations for a peace deal. Brent crude was trading 5% lower at $83.…

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