Crude Prices Decline Over 5% on US-Iran Talks Optimism; Brent Down 20% in Three Sessions

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Finance

29 July 2026 at 7:21 am

Crude Prices Decline Over 5% on US-Iran Talks Optimism; Brent Down 20% in Three Sessions

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Summary

Crude oil prices dropped over 5% on Tuesday, with Brent crude falling to $80.67 and WTI to $77.83, driven by optimism surrounding US-Iran diplomatic talks and easing supply disruption fears.

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