Bahra University - Shimla Hills

Saudi Aramco

Crude Oil Prices Surge as Iran-US Tensions Persist Over Hormuz Strait Blockade

Crude Oil Prices Drop 5% as US-Iran Strikes Pause, Brent Slips to $91

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July 27, 2026

Global crude oil prices tumbled nearly 5% on Monday as a pause in military strikes between the US and Iran raised hopes for a diplomatic resolution, easing supply disruption fears along the critical Strait of Hormuz route.