[MARKET UPDATE] Crude at lows, USTs bid, stocks supported & USD hit in continued reaction to the reports around US-Iran negotiations in Islamabad

Newsquawk StaffOil newsPublished 24 Apr 2026, 11:55 UTC

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11:42

Iranian Foreign Minister Araqchi is expected to arrive in Islamabad at 22:00 local time (18:00BST/13:00EDT), NY Post reports; the article does add though that it is not clear if the Iranian officials will arrive on Friday or Saturday

11:38

IDF tells residents of a South Lebanon town to leave before it is hit

11:35

[MARKET UPDATE] Crude at lows, USTs bid, stocks supported & USD hit in continued reaction to the reports around US-Iran negotiations in Islamabad

11:34

Iranian Foreign Minister Abbas Araghchi is expected to travel to Islamabad by this weekend, AP reports citing sources

11:32

Iran is sending a delegation to Pakistan for talks, Pakistani and Iranian sources told CNN on Friday; adds, it is unclear if there will be any US engagement.

On the Newsquawk feed at 11:35, 20 minutes before this page.

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In the c. 30 minutes of trade since Newsquawk delivered the news, just after 12:00BST/07:00ET:

Brent Jun'26 fell from USD 106.50/bbl to a USD 103.41/bbl low.
WTI Jun'26 fell from USD 96.98/bbl to a USD 93.63/bbl low.
ES Jun'26 lifted from 7150 to a 7189 high.
UST Jun'26 lifted from 110-30 to a 111-06 high.
Pressure in the USD, with EUR/USD lifting from 1.1700 to a 1.1718 high, USD/JPY fell from 159.65 to a 159.33 low.

Context

The ongoing US-Iran negotiations in Islamabad are impacting market dynamics, leading to a drop in crude oil prices while US Treasuries are seeing a bid. This environment is generally fostering support for equities and putting downward pressure on the USD, suggesting a market reaction to geopolitical risk factors and potential future supply shifts.

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