In Anticipation of Islamabad Talks: Oil Prices Edge Lower as Hopes for Middle East Supply Recovery Resurface

 Oil prices saw a notable decline in Tuesday's trading, April 21, 2026, with Brent crude losing about 1% to settle at $94.53 per barrel. This dip is driven by expectations of resumed peace talks between Washington and Tehran in Pakistan, which could pave the way for lifting restrictions on Iranian energy exports and increasing global supply. WTI crude futures also fell by 1.72% to reach $88.07, as markets closely watch the outcome of the upcoming diplomatic round and its impact on the stability of international shipping lanes.