Oil extends losses as a pause in U.S.-Iran hostilities raises de-escalation hopes

Speaking to reporters aboard Air Force One on Monday en route to Michigan, Trump dismissed suggestions that the U.S. was running short on weapons.

# Oil extends losses as a pause in U.S.-Iran hostilities raises de-escalation hopes Speaking to reporters aboard Air Force One on Monday en route to Michigan, Trump dismissed suggestions that the U.S. was running short on weapons. **Read the full article:** [CNBC](https://www.cnbc.com/2026/07/28/oil-price-today-wti-brent-us-iran-hormuz.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*