Oil slides over 4% after Iran indicates pause in attacks

PSX Update • Jul 27, 2026

Oil prices declined on Monday after Iran reportedly signaled it would suspend military operations if the United States maintains its pause in strikes, reducing concerns over potential disruptions to global energy supplies following nearly two weeks o

July 27, 2026 (MLN): Oil prices declined on Monday after Iran reportedly signaled it would suspend military operations if the United States maintains its pause in strikes, reducing concerns over potential disruptions to global energy supplies following nearly two weeks of heightened conflict. Currently, Brent crude futures is down, 4.16%, at $92.75 per barrel, according to data by Mettis Global. West Texas Intermedi...