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Oil prices fall sharply after Trump halts planned attacks on Iran, offering brief relief for Africa
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International oil prices fell sharply at the start of the week after US President Donald Trump said he had ordered American forces to halt planned strikes against Iran, citing progress towards a deal to end more than five months of fighting in the Middle East.
A satellite view shows the Strait of Hormuz, a critical chokepoint for global energy supply, connecting the Gulf to the Gulf of Oman [Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025] Oil prices today: Crude falls as Trump pauses attacks on Iranian energy plants; Brent at $105 per barrel - The Times of India NPA raises fuel price floors for August first pricing window: See latest petrol, diesel and LPG
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