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The Guardian

Oil slides 5% and European stocks rise after Trump cancels planned Iran strikes

AI Market Summary
Trump's decision to cancel planned strikes on Iran reduces immediate geopolitical risk premia, triggering a sharp selloff in crude (Brent and WTI down ~5%) after a July surge on Hormuz attack fears. Lower energy prices may ease near-term inflation concerns and relieve pressure on long-end yields, supporting risk assets; European equities ticked higher as energy stocks fell and travel/leisure outperformed.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-1.51%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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Donald Trump said he had called off planned military strikes on Iran, easing geopolitical tensions. Brent fell 5% to $83.50 a barrel after touching $81.55, while US West Texas Intermediate dropped more than $5 to $79.47. Both benchmarks had gained more than 20% in July amid renewed US-Iran fighting and tanker attacks in the Strait of Hormuz. The pan-European Stoxx 600 rose 0.4%, with energy stocks down 2% and travel and leisure shares up 2.1%.
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Geopolitics

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