Oil prices slip on US-Iran peace hopes, Brent set for weekly gain

PSX Update • Oct 9, 2026

Oil prices declined on Friday as hopes of progress in diplomatic efforts between the United States and Iran eased concerns over potential supply disruptions in the Middle East.

October 09, 2026 (MLN): Oil prices declined on Friday as hopes of progress in diplomatic efforts between the United States and Iran eased concerns over potential supply disruptions in the Middle East. Currently, Brent crude futures is down, 0.01%, at $102.90 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $0.02, or 0.02%, to $90.39 per barrel by [10:00 am] PST....