Oil falls below $88 on easing U.S. Iran tensions
Oil prices extended their decline on Tuesday as signs of a temporary easing in tensions between the United States and Iran reduced immediate fears of disruptions to global energy supplies.
July 28, 2026 (MLN): Oil prices extended their decline on Tuesday as signs of a temporary easing in tensions between the United States and Iran reduced immediate fears of disruptions to global energy supplies. Currently, Brent crude futures is down, 3.75%, at $87.22 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $1.98, or 2.37%, to $81.58 per barrel by [09:16 a...