Oil prices drop after Trump orders US forces to hold off on new strikes against Iran
President Trump said he would order U.S. forces to stop launching new attacks against Iran. Following this announcement, oil prices fell and financial markets showed gains. The developments suggest reduced military conflict could affect energy costs.
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National story. 16 articles from 12 sources. Updated Aug 3, 2026.
Part of The US-Iran war: oil prices, gas prices and the market fallout
Left
3 sourcesWall Street gains, oil prices tumble after Trump says he'll order forces to ease up on Iran attacks
Center
3 sourcesSame wire story as other sides. No original Center take here.
Right
6 sourcesOil prices drop after Trump orders U.S. forces to hold off on new strikes against Iran
The story so far
2 developments- Aug 2Oil prices drop after Trump orders US forces to hold off on new strikes against Iran
- Aug 3Oil prices plummet as Trump calls off Iran strike and restarts talks
Who covered each development
No new developments
Quiet for 75 daysLast development · Aug 3 — Oil prices plummet as Trump calls off Iran strike and restarts talks