Global Markets Rally as Oil Prices Drop 5% What's Behind the Latest Ceasefire Rally
Crude Oil Prices on Monday, July 27,2026, took a sharp tumble right after the United States and Iran agreed to pause military strikes, putting an end to roughly thirteen days of retaliative attacks that soared Brent crude prices to the highs of 100 a barrel. In the intraday markets, Brent fell as far as 7.4% to below 90, before retracing back to the 5% or roughly 84 a barrel rate..
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