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Oil Prices Drop on Report of Pakistan-Backed US-Iran Talks
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Oil prices dropped by around 3% on Friday, but remained on track for a weekly jump of 10% as the U.S.-Iran war continued to escalate. An exploratory meeting between Iran and the U.S. is reportedly being facilitated by Pakistan and China.
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Oil Prices Drop on Report of Pakistan-Backed US-Iran Talks
Oil prices dropped by around 3% on Friday, but remained on track for a weekly jump of 10% as the U.S.-Iran war continued to escalate. An exploratory meeting between Iran and the U.S. is reportedly being facilitated by Pakistan and China. According to reports, Iran's Interior Minister Eskandar Momeni visited Islamabad this week, where exploratory discussions took place. The development has led to a drop in oil prices, but the situation remains volatile.
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