Iran fired on American forces overnight and the US and Saudi Arabia struck Tehran-backed militias in Iraq, abruptly ending a days-long lull in hostilities. The US and Iran had paused attacks at the end of last week to give diplomacy another chance, leading to a significant drop in energy prices....
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-07-29/the-opening-trade-7-29-2026-video)