- July 21, 2026
- Posted by: Tresmark
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Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen's Houthis.
Brent crude futures eased 78 cents, or 0.9%, to $88.44 per barrel by 0415 GMT. U.S. West Texas Intermediate crude was down 73 cents, or 0.9%, to $82.50 per barrel, while the more active contract for September delivery slipped 41 cents, or 0.5%, to $82.07 a barrel.
