Oil prices slip ahead of fresh U.S. sanctions on Iran

PSX Update • Aug 24, 2026

Oil prices edged lower on Monday as investors awaited details of a fresh U.S. sanctions package targeting Iran, which Washington has described as its most aggressive economic campaign yet against Tehran.

August 24, 2026 (MLN): Oil prices edged lower on Monday as investors awaited details of a fresh U.S. sanctions package targeting Iran, which Washington has described as its most aggressive economic campaign yet against Tehran. Currently, Brent crude futures is down, 0.19%, at $93.60 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $0.19, or 0.22%, to $86.64 per b...