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Bloomberg

Oil Slips as Trump Holds Off Iran Attack, Says Talks to Resume

Monday, August 3, 2026


US President Donald Trump announced on Sunday that he had cancelled a planned military operation against Iran and said talks between the two countries would resume on Monday. Oil prices declined following the announcement. The previous day, Trump had authorized the operation in response to Iran shooting down a US military drone.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-03/oil-slips-as-trump-holds-off-iran-attack-says-talks-to-resume-msdeau9b

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