Oil prices rebound on reports of US strikes on Iran

PSX Update • Nov 3, 2026

Oil prices climbed in early Asian trading on Tuesday after reports emerged that the United States had carried out strikes on Iran’s Qeshm Island, renewing fears of an escalation in the ongoing conflict and further disruptions to regional energy suppl

November 03, 2026 (MLN): Oil prices climbed in early Asian trading on Tuesday after reports emerged that the United States had carried out strikes on Iran’s Qeshm Island, renewing fears of an escalation in the ongoing conflict and further disruptions to regional energy supplies. West Texas Intermediate (WTI) crude futures is down by $0.48, or %0.50, to $96.64 per barrel by [09:50 am] PST. The Wall Street Journal, ci...