Oil prices rebound as Iran denies U.S. talks, supply fears persist

PSX Update • Aug 4, 2026

Oil prices edged higher on Tuesday, recovering part of the sharp losses recorded in the previous session, as persistent concerns over supply disruptions in the Middle East outweighed optimism about a possible diplomatic breakthrough between the Unite

August 04, 2026 (MLN): Oil prices edged higher on Tuesday, recovering part of the sharp losses recorded in the previous session, as persistent concerns over supply disruptions in the Middle East outweighed optimism about a possible diplomatic breakthrough between the United States and Iran. Currently, Brent crude futures is up, 1.10%, at $84.87 per barrel, according to data by Mettis Global. West Texas Intermediate...