Oil prices steady amid Hormuz shipping slowdown

PSX Update • Jul 10, 2026

Oil prices were largely unchanged on Friday as investors closely monitored developments in the Middle East, weighing geopolitical risks against ongoing diplomatic efforts surrounding the U.S.-Iran conflict.

July 10, 2026 (MLN): Oil prices were largely unchanged on Friday as investors closely monitored developments in the Middle East, weighing geopolitical risks against ongoing diplomatic efforts surrounding the U.S.-Iran conflict. Currently, Brent crude futures is down, 0.44%, at $75.86 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $0.52, or 0.72%, to $71.56 per...