NewsMV
Crude oil prices fell on Friday after a report that Pakistan is exploring a path to restart peace talks between the U.S. and Iran, and the drop did not stay contained to energy markets.
Treasury yields retreated alongside crude as the geopolitical signal moved through inflation expectations and into the rates complex.
The next milestone for both setups: an official statement from any of the three governments confirming that formal negotiations have actually begun.
The geopolitical catalyst Pakistan's reported diplomatic initiative is the development in focus. The market logic runs directly through oil supply.
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