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Confirmed Economy
By the Patriot Watch Desk
Published August 2, 2026 at 7:02 PM ET · Updated August 3, 2026 at 2:09 AM ET

Oil prices drop after the US holds off on new strikes against Iran

2 independent outlets are covering this story, first reported here by Associated Press via Google News. Verification: Confirmed (how we verify). Every headline links to the original reporting.

Read the story at Associated Press via Google News →

What we know

Oil prices dropped after President Donald Trump ordered US forces to hold off on new strikes against Iran. Trump noted that input from Gulf leaders played a heavy role in his decision.

Patriot Watch first flagged this story 8 hr ago, when Associated Press via Google News reported it. Coverage has since grown to 2 independent outlets, including 2 wire/mainstream feeds. The most recent report came 5 hr ago from Associated Press via Google News.

Conservative & independent coverage (1)

Newsmax 7 hr ago
Oil Prices Drop After US Holds Off on New Strikes Against Iran

Wire & mainstream coverage (2)

Associated Press via Google News 5 hr ago
Trump says Gulf leaders' input weighed heavily in decision to hold off on ordering new Iran strikes - AP News
Associated Press via Google News 8 hr ago
Oil prices drop after Trump orders US forces to hold off on new strikes against Iran - AP News

Coverage timeline

Aug 2, 7:02 PM ET
8 hr ago
Associated Press via Google News
Oil prices drop after Trump orders US forces to hold off on new strikes against Iran - AP News
Aug 2, 7:57 PM ET
7 hr ago
Newsmax
Oil Prices Drop After US Holds Off on New Strikes Against Iran
Aug 2, 10:03 PM ET
5 hr ago
Associated Press via Google News
Trump says Gulf leaders' input weighed heavily in decision to hold off on ordering new Iran strikes - AP News
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