Latest / Pakistan News Today | 2 Min News | The Daily News Now!
Oil Prices Dip Amid Geopolitical Tension | Pakistan News
Oil prices dipped Friday as Brent and WTI slipped below $90 and $83, respectively, amid weekly losses after a recent uptick—despite ongoing US-Iran tensions. Supply through the Strait of Hormuz is holding steady, with Gulf exports rebounding to 15-16 million barrels daily, up sharply from March lows. Meanwhile, diplomacy hits snags: the U.S. signaled no return to past deals, refused direct talks with Iran, and slapped new sanctions—met with Iranian dismissal as “pointless and aggressive.” Markets are navigating a volatile mix of falling prices, resilient supply, and stalled diplomacy. Listen…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.