Oil slips below $90 on ceasefire hopes
Oil prices edged lower on Tuesday as investors balanced reports of mediation efforts aimed at securing a ceasefire between the United States and Iran against renewed military exchanges and fresh threats to regional energy supplies.
July 21, 2026 (MLN): Oil prices edged lower on Tuesday as investors balanced reports of mediation efforts aimed at securing a ceasefire between the United States and Iran against renewed military exchanges and fresh threats to regional energy supplies. Currently, Brent crude futures is down by $2.24, or 2.68%, to $88.56 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is do...