Oil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?

Crude oil prices fell sharply with Brent crude dropping 5.05 percent to $91.89 per barrel and WTI declining 5.23 percent to $84.64, after the US paused strikes on Iran and shipping through the Strait of Hormuz and Red Sea eased slightly. Brent had touched $100 last week on supply disruption fears linked to Middle East conflicts. Experts remain divided on the outlook — JPMorgan warns each additional month of supply disruption could add $7 to $8 per barrel to Brent, potentially pushing it to around $114, while Goldman Sachs sees prices easing to $80 by Q4 and $75 next year if tensions subside. Kotak Securities' Anindya Banerjee cautioned that any renewed strike on Gulf export infrastructure could push prices back toward $95 to $100.