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European gas prices fall 7.7% as US-Iran war pause extends
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European gas prices dropped 7.7% on July 27, 2026, after the US and Iran extended their war pause, easing Middle East tensions. Brent crude fell 9.75% to $88.79/barrel, while India’s BSE Sensex gained 770 points.
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European gas prices fall 7.7% as US-Iran war pause extends
European natural gas prices fell by 7.7% on July 27, 2026, following the extension of a US-Iran war pause, which eased Middle East tensions. Brent crude oil prices declined by 9.75% to $88.79 per barrel. In India, the BSE Sensex snapped a five-day losing streak, gaining over 770 points as market sentiment improved. Analysts attributed the rally to reduced fears of inflation and rising import bills due to stabilized energy markets. The US and Iran have not commented on the extension of the pause.
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