London, July 20, 2026 (AFP) - Oil price gains ease after Iran points to mediation

NAMPA / AFP

2026-07-20

Oil prices hit one-month highs Monday before scaling back as Iran said diplomatic exchanges with the United States were ongoing via mediators to dial back renewed conflict in the Middle East. That helped give a positive tone to sentiment on Wall Street, while European equity markets largely stabilised. However, Asian stock markets ended the day mostly lower under the weight of higher oil prices which briefly shot above $91 per barrel, alongside l......

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