{
  "id": 111267,
  "title": "Oil prices drop 7pc",
  "url": "https://urgent.news/2026/08/04/oil-prices-drop-7pc",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T02:56:19.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2020468/oil-prices-drop-7pc"
  },
  "original_language": "en",
  "account": null,
  "summary": "Oil prices have dropped by 7pc to a three-week low, according to a report by Dawn Business on August 4th, 2026. The front-month Brent futures fell by $6.35, or 7pc, to settle at $83.77 a barrel, while US West Texas Intermediate (WTI) crude fell by $4.33, or 5.1pc, to settle at $80.34. This decline was attributed to US President Donald Trump's decision to hold off on a fresh attack on Iran, in hopes of sealing a quick deal that could boost oil supplies from the Gulf. The drop in Brent prices for October was down 4.7pc from where the October contract closed on Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}