Oil prices plunge and Europe’s markets rally after Trump calls off Iran strikes

Guardian World•Mon, Aug 3, 2026, 12:10 PM•2 min read

Brent crude drops by 5% after US president claimed talks on Middle East peace deal would resume Business live – latest updates Crude oil prices fell sharply while stocks and government bonds rallied on Monday after Donald Trump cancelled planned strikes on Iran and claimed peace talks were about ...

Source: [Guardian World](https://www.theguardian.com/business/2026/aug/03/oil-prices-fall-europe-stock-markets-donald-trump-iran-us-brent-crude)

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