Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall Business live – latest updates Oil prices have dropped sharply as traders bet that a pause in US attacks on Iran could prevent an escalation in the conflict that would further restrict global supply. Brent cr...
Source: [Guardian Business](https://www.theguardian.com/business/2026/jul/27/oil-prices-fall-us-strikes-iran-brent-crude-bp-shell-ftse-100)