Trump hosts Netanyahu amid Iran tensions
Analysis based on 7 articles · First reported Jul 28, 2026 · Last updated Jul 29, 2026
Brent Crude oil prices have dropped significantly from over $100 to below $84 per barrel following the pause in hostilities, easing pressure on US gasoline prices. However, the situation remains volatile with Iran launching missiles at US forces, causing crude oil to jump and US stock futures to dip.
US President Donald Trump hosted Israeli Prime Minister Benjamin Netanyahu at the White House on July 28, 2026, as both sides sought to de-escalate after a period of tit-for-tat strikes between the US and Iran. Trump reiterated his threat to bomb Iran's bridges if no agreement is reached but expressed preference for diplomacy. The meeting occurred four days after the US ended two weeks of strikes on Iran, which had resumed after peace negotiations over the Strait of Hormuz broke down. Iran paused retaliatory fire on Gulf states. Meanwhile, Iran and Oman are negotiating an agreement to restart shipping through the Strait of Hormuz, which could enable US-Iran talks on Iran's nuclear program. However, Iran is reportedly unsatisfied with Oman's offer for shared control. Tensions remain high: Iran launched ballistic missiles at US forces, which were intercepted, and the US has reinstated a naval blockade on Iranian ports. Brent Crude oil fell below $84 per barrel from over $100 the previous week. Netanyahu expressed full support for Trump's approach. The meeting also touched on other issues such as a US nuclear deal with Saudi Arabia and potential F-35 sales to Turkey, though these were not discussed in detail.
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