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Oil slides on Iran peace-talk report, pulling Treasury yields lower with it

7/25/2026

A report that Pakistan is exploring ways to restart peace talks between the U.S. and Iran moved crude oil lower on Friday.

Treasury yields followed crude's descent, tracking the diplomatic signal rather than any fresh domestic economic data.

The next confirmable milestone is whether Pakistan's outreach produces a formal negotiating channel between Washington and Tehran.

Physical supply is the actual trade Iran holds substantial spare capacity behind existing sanctions.

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