Oil prices dropped more than 6% today, plunging below $80 per barrel after surging more than 20% last month. This happened as President Donald Trump confirmed US-Iran peace talks would begin on Monday, after he canceled a major military operation amid growing diplomatic deals.
Oil Prices Drop Sharply Below $80 as Trump Confirms US-Iran Talks to Begin Monday
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03 August 2026 10:47, UTC
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