**[International Oil Prices Plunge Early Monday as U.S.-Iran Halted Attacks Ignite Ceasefire Expectations]** Reported by Jinse Finance, on July 27, oil prices opened sharply lower on Monday as traders assessed Middle East supply risks. The U.S. paused airstrikes against Iran over the weekend, while the Houthi forces claimed to have launched attacks on targets within Saudi Arabia. Brent crude futures fell about 6% to around $91 per barrel after closing lower on Friday, while WTI crude futures dropped below $84 per barrel. European natural gas prices fell by as much as 7.8%. After 13 consecutive days of strikes on Iran, the U.S. halted actions starting late Friday, raising questions about Trump’s next move. The Iranian army stated that Tehran has suspended its retaliatory actions. Nevertheless, Yemen's Houthi forces claimed they attacked Saudi Aramco facilities in the Red Sea port cities of Jizan and Yanbu on Saturday, though Riyadh and Saudi Aramco have not immediately confirmed the claims. As the U.S.-Iran conflict spreads from the Strait of Hormuz to the Red Sea, Brent crude has surged approximately 30% this month, briefly surpassing $100 per barrel last week. This conflict, now nearing the end of its fifth month, has heightened concerns about global inflation shocks as the global fuel market struggles with depleted spare capacity and soaring refined product prices. (Jin10)