Oil Prices Plummet Amid Signs of Backchannel Diplomacy in the Middle East The sudden drop in oil prices last week has sparked a flurry of speculation about the underlying causes.
While some analysts point to continued instability in key shipping routes, others suggest that more subtle forces may be at play.
A report from Reuters cites multiple sources close to the matter, suggesting that Pakistan is pushing for renewed talks between the US and Iran with China's backing.