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Oil prices slide amid confusion over Iran, concern over Japanese yen

Oil prices dropped Monday after President Trump called off an apparent strike on Iran, and then said the U.S. was starting diplomatic talks. Iran denied the claim. David Uberti, a reporter for The Wall Street Journal, has more.

Published August 3, 2026, 3:51 PM
Updated August 3, 2026, 4:06 PM145
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Oil prices slide amid confusion over Iran, concern over Japanese yen

Oil prices dropped Monday after President Trump called off an apparent strike on Iran, and then said the U.S. was starting diplomatic talks. Iran denied the claim. David Uberti, a reporter for The Wall Street Journal, has more.

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