US and Iran Pause Strikes, MAS Tightens Again and Oil Tumbles Five Per Cent 

Headline news for July 27, 2026:  Both U.S. and Iranian forces hold fire for a second consecutive day as a regional mediator calls the pause a positive signal for de-escalation. The MAS tightens monetary policy for the second consecutive time as Iran war inflation persists. Oil tumbles five per cent and Asian markets rally on ceasefire hopes. 

Synopsis: A round up of global headlines to start your day by The Business Times. 

Written by: Claressa Monteiro (claremb@sph.com.sg)

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