In the long human struggle to balance power and commerce, the world's oil markets paused this Monday to breathe — if only briefly. President Trump's decision to stand down from a planned military strike against Iran offered traders a reason to unwind the fear premium that had driven crude prices more than 20 percent higher through July, with WTI falling to $79.77 and Brent to $83.47 a barrel. The Strait of Hormuz, that narrow passage through which a third of the world's seaborne oil must travel, remains the hinge on which this fragile moment turns — and whether diplomacy or escalation claims i