BREAKING NEWS BREAKING

• Failed Attempt to Force Marriage of Two Minor Girls in Kasur Thwarted • Over 4,000 Government Schools in Khyber Pakhtunkhwa Declared Dilapidated • Jamnagar Refinery: A Strategic Asset Amidst Regional Tensions • Flu Cases Surge in Karachi Hospitals Amid Seasonal Weather Changes • Major Transformation on Oxford Street as Traffic is Fully Banned • Lahore Court Extends Remand of Suspects in $126 Million Postal Fraud Case • Two Killed in Houthi Attack at Dammam’s King Fahd International Airport • Former Japanese Prime Minister Yasuo Fukuda Passes Away at 90 • Heavy Rain Blesses Kaaba as Pilgrims Continue Tawaf Amidst Downpour • Sri Lanka Faces Major Setback as Opener Pathum Nissanka Ruled Out of Test Series • Body of Missing 5-Year-Old Boy Found in Drain After Suspects’ Confession • Rubio’s Jamnagar Visit Sparks Diplomatic Tensions for Modi Government • Failed Attempt to Force Marriage of Two Minor Girls in Kasur Thwarted • Over 4,000 Government Schools in Khyber Pakhtunkhwa Declared Dilapidated • Jamnagar Refinery: A Strategic Asset Amidst Regional Tensions • Flu Cases Surge in Karachi Hospitals Amid Seasonal Weather Changes • Major Transformation on Oxford Street as Traffic is Fully Banned • Lahore Court Extends Remand of Suspects in $126 Million Postal Fraud Case • Two Killed in Houthi Attack at Dammam’s King Fahd International Airport • Former Japanese Prime Minister Yasuo Fukuda Passes Away at 90 • Heavy Rain Blesses Kaaba as Pilgrims Continue Tawaf Amidst Downpour • Sri Lanka Faces Major Setback as Opener Pathum Nissanka Ruled Out of Test Series • Body of Missing 5-Year-Old Boy Found in Drain After Suspects’ Confession • Rubio’s Jamnagar Visit Sparks Diplomatic Tensions for Modi Government

Oil Prices Edge Up as Middle East Tensions Keep Markets on Edge

October 27, 2026 • 50 minutes ago •

NEW YORK: Oil prices inched higher on Tuesday following a significant drop of over $2 a barrel the previous day, as ongoing attacks on key oil producer Saudi Arabia continue to create uncertainty in the market. This volatility comes amid renewed diplomatic efforts aimed at resolving the escalating conflict in the Middle East.

Brent crude futures saw an increase of 49 cents, or 0.4%, reaching $117.21 per barrel by 12:51 PM ET (1637 GMT). In contrast, US West Texas Intermediate (WTI) crude futures dipped by 35 cents, or 0.34%, settling at $102.92 per barrel. Both benchmarks had experienced a retreat after notable gains on Friday, with Brent posting a weekly increase of 6% and WTI rising by 2.3%.

The fluctuations in oil prices reflect broader concerns over supply disruptions and geopolitical tensions, which could have significant implications for global energy markets and economies. Analysts suggest that sustained high prices could lead to increased inflationary pressures, impacting consumers and businesses alike.

As diplomatic discussions continue, market participants are closely monitoring developments in the region. Upcoming meetings among key stakeholders may provide further clarity on the situation, potentially influencing oil supply and pricing in the near future.

📲 Install App