Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal
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Article Excerpt
Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal
FLORENCE TAN
REUTERS
PUBLISHED 1 HOUR AGO
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Oil prices tumbled more than US$4 a barrel on Monday after U.S. President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz.
Brent crude futures slid US$4.49, or 5.11 per cent, to US$83.44 by 0408 GMT while U.S. West Texas Intermediate crude was at US…
Read full article at The Globe and Mail ↗
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Aug 3, 2026