27.07.2026 07:00
US President Donald Trump's decision to halt new attacks on Iran has relieved global oil markets. As hopes for diplomacy strengthened, Brent and US crude oil lost more than 5% in value, while investors turned their attention to possible negotiations that could resume between Washington and Tehran.
Global oil prices started the week with a sharp decline. Following US President Donald Trump's decision to halt airstrikes against Iran, expectations that tensions in the Middle East could ease triggered a selling wave in energy markets.
In international markets, Brent crude oil fell by 5.8% to $91.20 per barrel, while US crude oil (WTI) dropped by 5.5% to trade at $84.40.
DIPLOMACY HOPES EASE MARKETS
Behind the sharp decline in oil prices was the Trump administration's decision to stop new attacks after nearly two weeks of military operations. Expectations that diplomatic contacts between Washington and Tehran could resume reduced investors' concerns about supply disruptions and significantly lowered the war premium on oil prices.
Last week, as conflicts escalated, Brent crude rose above $100, reaching its highest levels in recent times. With strengthening hopes for a ceasefire and diplomacy, prices fell back to the $90 level.
STRAIT OF HORMUZ UNDER WATCH
Whether trade in the Strait of Hormuz, which remains the most critical issue for energy markets, will return to normal is being closely monitored. Experts note that if shipments through the strait accelerate again, downward pressure on oil prices may continue, but any new military tension in the region could drive prices back up.
MARKETS FOCUS ON NEGOTIATIONS
The possibility of a restart of diplomatic processes between the US and Iran has increased risk appetite not only in energy markets but also in global financial markets. Investors are closely watching new statements from both sides, as well as developments in the Strait of Hormuz and potential negotiation processes.