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Oil falls more than 4% on report Pakistan is pushing for new U.S.-Iran talks with China's backing

CNBC reported that oil prices fell more than 4% on Friday after a report stated Pakistan is pushing for new U.S.-Iran talks with China's backing. The price drop occurred as the U.S.-Iran conflict continued to escalate, although oil remained on track for a weekly gain of 10%.

Impact Score

3/10

Friday, July 24, 2026 at 11:34 AM EDT

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