The US-Israel-Iran war · Energy, shipping and markets

Oil falls about 5% to a three-week low after Trump holds off strikes on Iran

Reportedon one origin only: 1 distinct origin, 0 tied to no party.

Brent crude fell $4.19, or 4.8%, to $83.74 a barrel and US crude fell $4.92, or 5.8%, to $79.75 by midday in New York, with Brent on track for its lowest close since 13 July, after Trump said he had held off a new attack on Iran in hope of a deal, Reuters reported via Khaleej Times. Iran denied that any talks were under way. Reuters said part of Brent's drop reflected the rollover to a cheaper October contract.

When: 3 August 2026
Where: Global oil markets, No single country
What: market
Attribution: Not attributed. Market move.
In the record: Published 2026-10-27 21:03 UTC · revision 1 · backfilled

Sources

Evidence Khaleej Times Media · Government of the United Arab Emirates origin: Reuters market reporting, 3 Aug · published 2026-08-03 00:00 UTC

History

When	Field	From	To	Why
2026-10-27 21:03 UTC	status	null	reported	P1 backfilled: researched from cited sources and graded by the one rule

Cite or reuse

The War Record, "Oil falls about 5% to a three-week low after Trump holds off strikes on Iran", ev-20261027-4693, revision 1, https://thewarrecord.com/events/ev-20261027-4693/

This month's events as JSON (id ev-20261027-4693) · CC BY 4.0