LONDON , July 27 : Oil prices tumbled more than 5 per cent on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fel

LONDON , July 27 : Oil prices tumbled more than 5 per cent on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fel

Oil prices have fallen further in early trading after setting a two-month high set last week.