Oil Prices Drop 7pc to Three-Week Low

Canadian dollar hits six-day low as oil prices drop

Loonie weakens 0.2% against the greenback

Oil prices drop 7pc to three-week low

NEW YORK: Oil prices fell about 7 percent to a three-week low on Monday after US President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf. Front-month Brent futures fell USD6.35, or 7.0 percent, to settle at USD83.77 a barrel, while US West Texas Intermediate (WTI) crude fell USD4.33, or 5.1 percent, to settle at USD80.34. That was the lowest close for Brent since J…

Oil rebounds from three-week low as Hormuz tensions keep supply fears alive

Oil prices saw a modest recovery on Tuesday after a significant decline. Benchmark Brent crude climbed to $84.26 and WTI crude reached $80.75. This rebound followed a sharp slide after US President Donald Trump paused military action against Iran. Shipping patterns are changing, and concerns about energy supply risks persist. Oil prices remain below their earlier peak of $126 per barrel.

Brent Settles At Three-Week Low

Oil prices tumbled as hopes for a US-Iran agreement raised expectations that shipping through the Strait of Hormuz could resume more normally.

JetBlue (NASDAQ:JBLU) Shares Reach 52-Week Peak Following Oil Price Drop

NEW YORK, August 4, 2026, 13:05 (EDT) JetBlue climbed 5.9% to $6.60 and reached a 52-week peak of $6.62. (JetBlue Investor Relations) Brent crude dropped 3.9%, trading at $80.47, following indications of movement in U.S.-Iran negotiations. (Reuters) An adjustment of 10 cents in fuel prices represents roughly 3.5% of JetBlue’s equity value, calculated from second-quarter…