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Syrian Arab News Agency (SANA) > Latest News > Economy > Oil prices rebound as uncertainty over U.S.-Iran talks persists

Oil prices rebound as uncertainty over U.S.-Iran talks persists

Published: 2026/08/04 9:56 AM
Updated: 2026/08/04 9:56 AM
Oil prices rebound as uncertainty over U.S.-Iran talks persists
Pumpjacks extract crude oil at an oil field. Photo: AP.

London, Aug. 4 (SANA) Oil prices rose on Tuesday, recovering part of the sharp losses recorded in the previous session as uncertainty surrounding U.S.-Iran talks and concerns over potential disruptions to Middle East oil supplies supported the market.

According to Reuters, Brent crude futures for October delivery gained 62 cents, or 0.7%, to $84.39 a barrel, after falling 7% on Monday to their lowest level in three weeks.

Meanwhile, U.S. West Texas Intermediate (WTI) crude rose 61 cents, or 0.7%, to $80.95 a barrel, following a decline of more than 5% in the previous session that pushed prices to their lowest level in nearly a week.

Market sentiment remained focused on developments surrounding negotiations between the United States and Iran, with investors also monitoring the risk of supply disruptions from the Middle East, a key oil-producing region.

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