Commodities

US-Iran Tensions Send Oil Prices Back Below $100

Guavy AI Editorial Team Published July 24, 2026

Instruments

Oil

Oil prices declined below $100 per barrel on Friday, July 24th, marking a decrease from their highest level since early May. The drop in oil prices comes as tensions between the US and Iran continue to escalate.

The ongoing tensions in the Middle East are expected to keep energy markets elevated. Despite the recent decline in oil prices, investors remain cautious due to the potential for further instability in the region.

The Wire

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