Global crude oil benchmark Brent fell to a one-week low near 86 dollars per barrel as diplomatic signals between Washington and Tehran eased concerns over potential shipping disruptions in the Strait of Hormuz.
Energy futures eased after market indicators showed steady commercial crude stockpiles and sustained output from major oil-producing nations.
Market traders noted that reduced geopolitical risk premiums contributed to stabilizing energy prices across international commodity exchanges.
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Sources:
https://timesofindia.indiatimes.com/business/india-business/gold-price-prediction-today-where-are-gold-rates-headed-on-july-28-2026-and-in-the-near-term-mcx-gold-silver-prices/articleshow/132677801.cms