Oil retreats as Iran's FM heads to Pakistan for peace talks

Oil prices dipped Friday after Iran FM Abbas Araghchi was reported heading to Islamabad for a second round of U.S.-Iran peace talks.

Goldman Sachs estimated Persian Gulf oil output is running 57% below pre-war levels, with recovery likely taking months.

President Trump set a three-week ceasefire deadline Thursday and threatened strikes on Iranian energy infrastructure if the Strait of Hormuz stays closed.#TRUMP #oil