Singapore, 27 July 2026 – Oil prices fell sharply at the start of the week as a pause in military action between the United States and Iran eased immediate concerns over further disruption to Middle Eastern crude supplies, while global equity futures advanced on improving risk sentiment.
Brent crude dropped below US$92 a barrel during early Asian trading after falling nearly 4% in the previous session. West Texas Intermediate declined towards US$84, with both benchmarks retreating by more than 5% at one stage as traders reduced some of the geopolitical risk premium accumulated during July.
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