Logistics & Shipping
Jul 27, 2026
Oil Prices Sink as US-Iran Pause Fuels Fresh Hormuz Hopes, Brent Drops Below $90
Oil prices tumbled Monday as a US-Iran strike pause boosted hopes for Hormuz reopening. Brent crude dropped below $90/barrel after shedding 7%. Bangladesh stands to benefit from reduced energy import costs and stabilising Middle East shipping.