E-Paper | August 10, 2026

Oil prices drop more than 5pc after Trump sends peace plan

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Brent crude oil, the global market benchmark, has dropped close to six per cent after US President Donald Trump sent a peace plan to Iran, AFP reports.

At around 00:30 GMT (5:30pm PKT), a barrel of Brent crude was down 5.92pc at $98.30. Benchmark US oil contract, West Texas Intermediate, was down 5.01pc at $87.72.

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