By dawn on Friday, 24 July 2026, Brent crude had fallen about $10 (nearly 11%) to around $88 a barrel; the risk premium that had pushed oil toward $98 last week deflated on the first signs of easing tension in the Strait of Hormuz. Spot gold also slipped from its record to about $4,028. Tehran's bourse and physical markets are on their weekend break, and the domestic parallel market is sitting on Thursday's closing figures.
