Oil prices fall 2.2 percent as US-Iran military attacks stop

Oil prices in the international market have started to fall gradually as the conflict and mutual military attacks between the United States and Iran have stopped. This information was revealed in a report by Qatar-based media Al Jazeera on Tuesday (July 28).
The report said that the price of international oil benchmark Brent crude fell 2.2 percent to $84.03 per barrel. It is worth noting that before the war with Iran began in late February, the price of Brent crude in the market was around $72 per barrel. On the other hand, the price of US benchmark West Texas Intermediate crude fell 1.7 percent to $81.20 per barrel.
The US dollar rose slightly against the Japanese yen from 163.75 yen to 163.82 yen. At the same time, the exchange rate of the euro fell slightly from $1.1369 to $1.1367. Regional mediators said there had been significant progress in diplomatic efforts to bring the United States and Iran back to the negotiating table, as both sides refrained from attacks for several days.