Oil prices set for second weekly gain as Iran war disrupts supply

PSX Update • Aug 21, 2026

Oil prices remained broadly stable on Friday but were heading for a second consecutive weekly increase as the ongoing U.S.-Iran conflict continued to disrupt crude supplies from the Middle East.

August 21, 2026 (MLN): Oil prices remained broadly stable on Friday but were heading for a second consecutive weekly increase as the ongoing U.S.-Iran conflict continued to disrupt crude supplies from the Middle East. Currently, Brent crude futures is down, 0.59%, at $93.23 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $0.66, or 0.76%, to $86.17 per barrel by...