{
  "id": 72129,
  "title": "Iran War: Attack Cancelled: Trump Announces New Talks with Iran - Oil Price Drops Significantly",
  "url": "https://urgent.news/2026/08/03/iran-krieg-angriff-abgesagt-trump-kundigt-neue-gesprache-mit-iran-an",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-03T04:55:42.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/international/iran-krieg-oelpreis-sinkt-nach-trumps-abgesagtem-iran-angriff-deutlich/100244578.html"
  },
  "original_language": "de",
  "account": "The price of oil has significantly decreased following the cancellation of a major US military attack on Iran by President Donald Trump. A barrel of the Brent reference grade, delivered in October, cost over $83 on Monday morning, which is nearly 7% less than before. Trump had announced that this was the largest US military attack since World War II, but he postponed the attack due to progress in diplomatic efforts. The negotiations for a potential deal are scheduled for Monday afternoon, but the location, duration, and participants remain unclear. The fall in oil prices did not significantly impact Asian stock markets, with the Korean Kospi index falling by 5% and the Japanese Nikkei 225 falling by 1.7%. The Hong Kong Hang Seng index, however, remained relatively unchanged. One of the key issues to be discussed during the negotiations is the potential opening of the Hormuz Strait for shipping traffic and the controversial Iranian nuclear program. These two topics have been central to previous negotiations in Pakistan and Switzerland. Trump had claimed that the planned attack was halted due to advances in diplomatic efforts, but he could not speak for other countries in the region. The US military maintained readiness, as stated by Defense Secretary Pete Hegseth, who emphasized that the military was prepared for a more extensive attack. Trump asserted that the attack was postponed to avoid further bloodshed, as both Iran and the US had indicated a desire for a deal. However, the complexity of the issues and the conflicting interests of the parties involved make the prospects of a deal seem uncertain. The conflict over the Hormuz Strait, which has effectively blocked shipping, has been a significant factor in the Iran-US tensions, particularly as it affects the export of oil, gas, and fertilizer from the Gulf states. Despite initial progress, the closure of the strait has resumed due to renewed US military pressure aimed at reducing Iran's oil revenues.",
  "summary": "US President Donald Trump has called off a planned attack by the US military on targets in Iran for now. The oil price is falling. But stock markets in East Asia are reacting with little enthusiasm.",
  "key_points": [
    "Oil prices drop 7% after Trump cancels Iran attack",
    "Iran-US negotiations scheduled for Monday afternoon",
    "Hormuz Strait and nuclear program key negotiation topics"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Handelsblatt",
        "title": "Iran War: Attack Cancelled: Trump Announces New Talks with Iran",
        "url": "https://urgent.news/2026/08/03/iran-krieg-angriff-abgesagt-trump-kundigt-neue-gesprache-mit-iran-an-72132",
        "published": "2026-08-03T03:49:43.000Z"
      }
    ]
  },
  "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."
}