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Oil drops over 4% after Trump calls off planned strike on Iran

Oil prices fell on Monday as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had called off a planned strike on Iran.

Oil drops over 4% after Trump calls off planned strike on Iran

Published August 2, 2026 · Category: Finance

Overview

Oil prices fell on Monday as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had called off a planned strike on Iran.

Source

Originally published at www.cnbc.com.

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