article author: AFP Reuters Author: By Florence Tan ID: 1785716232608937000 Mon, 2026-08-03 00: 06 TOKYO/SINGAPORE: Oil prices tumbled $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz. Brent crude futures slid $4. 08, or 4. 64 percent, to $83. 85 by 2352 GMT while US West Texas Intermediate crude was at $80. 66 a barrel, down $4. 01, or 4. 74 percent. Main category: Business & Economy Tags: War in Iran Strait of Hormuz
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