GeriOil Prices Fall as US and Iran Prepare Direct Talks in Pakistan

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CNBC24.04.2026Business

Oil Prices Fall as US and Iran Prepare Direct Talks in Pakistan

IEA warns of biggest energy security threat in history as Strait of Hormuz remains closed

oil prices brent crude west texas intermediate

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Oil prices fell Friday as the US and Iran prepare for direct talks in Pakistan.
Brent crude fell 0.23% to $104.83 per barrel while WTI dropped about 2% to $93.90.
US special envoy Steve Witkoff and Jared Kushner will travel to Pakistan Saturday for talks with Iranian counterparts.

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Oil prices fell Friday as the US and Iran prepare for direct talks in Pakistan. Brent crude fell 0.23% to $104.83 per barrel while WTI dropped about 2% to $93.90. US special envoy Steve Witkoff and Jared Kushner will travel to Pakistan Saturday for talks with Iranian counterparts. The International Energy Agency warned the Strait of Hormuz closure represents the biggest energy security threat in history, with 13 million barrels per day of oil production lost.

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