Oil drops more than 3% as U.S. shifts to economic pressure on Iran, easing fears of renewed war — Live Feedhttps://www.live-feeds.com/feed/oil-drops-more-than-3-as-u-s-shifts-to-economic-pressure-on-iran-easing-fears-of-renewed-warContinuously updated, source-cited coverage. Oil Prices Drop 3% as US Pivots to Economic Pressure on Iranhttps://www.live-feeds.com/feed/oil-drops-more-than-3-as-u-s-shifts-to-economic-pressure-on-iran-easing-fears-of-renewed-warhttps://www.live-feeds.com/feed/oil-drops-more-than-3-as-u-s-shifts-to-economic-pressure-on-iran-easing-fears-of-renewed-war#u49568Thu, 27 Aug 2026 05:10:32 +0000Oil prices fell 3% to a 12-day low as the United States shifts toward expanded economic sanctions against Iran. This move has eased investor fears of renewed war and sparked hopes for a resolution to the Hormuz deadlock. While some investors remain cautious due to a lack of clarity on the US plan, others are reacting to signs of Middle East talks. Meanwhile, Iran claims it has a two-year plan to manage what it calls Washington's economic D-Day.Why it mattersThe Strait of Hormuz is a critical chokepoint for global oil supplies. Persistent tensions between the US and Iran have created volat