Karoon Energy Ltd (ASX: KAR) saw its shares decline by 7.12% to AUD 1.6625 on July 27, 2026, as global oil prices pulled back due to optimism around US-Iran peace talks.
The broader S&P/ASX 200 Index rose 0.89%, but the Energy sector fell 3.93% during the session.
Oil prices dropped sharply, with WTI crude down 3.1% and Brent crude down 3.9% over the prior session, according to Bloomberg.
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