Oil falls on report China pushing for end US-Iran war

July 25, 2026

Crude oil futures prices experienced a significant drop on Friday. Hopes for renewed peace talks between the United States and Iran emerged. Both Brent and West Texas Intermediate crude futures saw substantial weekly gains. Shipping disruptions in key waterways contributed to market volatility. Energy markets remain tight and sensitive to developing geopolitical events.

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Iran’s currency rial hits record low as US plans more sanctions

Iran’s currency has plummeted to a staggering 2.02 million rials against the US dollar, reflecting deepening economic strain as Washington gears up for more sanctions.

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