Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live
Oil prices fell more than 5% as the United States and Iran paused hostilities, bringing Brent crude down to $91.68 a barrel. The lull was seen as a diplomatic opening, though military officials said all options remain on the table. Meanwhile, AstraZeneca reported stronger‑than‑expected second‑quarter earnings, driven by growth in its cancer treatments.
- ▪Brent crude dropped 5.3% to $91.68 per barrel after the U.S. paused strikes on Iran for a second night.
- ▪Iran announced a pause in retaliatory attacks against U.S. allies, while U.S. officials emphasized that military options are still available.
- ▪AstraZeneca’s earnings rose 18% to $2.63 per share and revenue increased 5% to $15.38 billion, helped by strong cancer drug sales.
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| Original publisher | World news | The Guardian |
| Canonical URL | https://www.theguardian.com/business/live/2026/jul/27/oil-falls-us-iran-pause-fire-astrazeneca-profit-latest-economy-news |
| Publication time | Mon, 27 Jul 2026 07:19:07 GMT |
| Retrieval time | 2026-07-27T07:18:54.137Z |
| Last seen | 2026-07-27T07:18:54.137Z |
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| Summary source text | contentText |
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Opening excerpt (first ~120 words) tap to expand
02.32 EDTIntroduction: Oil price slides as US and Iran pause fireGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices have fallen more than 5% this morning as the US paused strikes on Iran for the second night in a row, with military officials advising Donald Trump to stop his bombing campaign. Brent crude, the international benchmark for oil, is now down 5.3% to $91.68 a barrel, after it hit $100 last week.Trum is believed to be considering diplomatic and military options in the conflict with Iran, while the Israeli leader Benjamin Netanyahu is expected to visit the White House on Tuesday.Iran said on Sunday that it would pause “retaliatory” attacks against US allies in the region.Jim Reid, of Deutsche Bank, says that while…
Excerpt limited to ~120 words for fair-use compliance. The full article is at World news | The Guardian.
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