top of page

Oil prices fall as mediation offset US-Iran strikes

Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the US and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen's Houthis.

July 21, 2026

Ishaan Arora and Emily Chow/Reuters

Oil prices fall as mediation offset US-Iran strikes

FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, July 20, 2026.

Reuters

TOP BUSINESS STORIES

Senator Aquino asks BIR to suspend online sellers' registration badge requirement

Senator Aquino asks BIR to suspend online sellers' registration badge requirement

100 firms interested in MRT-3 privatization

100 firms interested in MRT-3 privatization

Japan Credit Rating Agency expects PH to remain resilient to external shocks

Japan Credit Rating Agency expects PH to remain resilient to external shocks

LATEST NEWS

Taxi drivers warned on overcharging during peak holiday season

Taxi drivers warned on overcharging during peak holiday season

Air Force confirms two trainer planes involved in 'mishap' over Batangas

Air Force confirms two trainer planes involved in 'mishap' over Batangas

One dead, 500 injured as Typhoon Champi hits Taiwan

One dead, 500 injured as Typhoon Champi hits Taiwan

© 2026 Paraluman News Publication

bottom of page