Oil rises above $102 as Iran tensions stoke supply fears

PSX Update • Oct 8, 2026

Oil prices rose on Thursday as escalating tensions in the Middle East heightened concerns over potential disruptions to crude supplies from the region.

October 08, 2026 (MLN): Oil prices rose on Thursday as escalating tensions in the Middle East heightened concerns over potential disruptions to crude supplies from the region. Currently, Brent crude futures is up, 0.88%, at $102.42 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $0.36, or 0.40%, to $89.93 per barrel by [10:06 am] PST. The U.S. is reportedly weig...