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FILE - Children wade in the water with cargo ships at anchor in the background and a fisherman nearby, in the Strait of Hormuz off Bandar Abbas, Iran, Tuesday, June 30, 2026.

Markets

Video. Oil prices plunge as US and Iran pause strikes over Strait of Hormuz

Updated: 27/07/2026 - 18:35 GMT+2

Oil prices eased in early trading on Monday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf.

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