Betting On TACO? Oil Slides Despite Unraveling ‘Diplomacy’ In Iran; Trump Warns China & Russia

BY TYLER DURDEN

FRIDAY, JUL 24, 2026 – 12:45 PM

Summary

  • Diplomacy signals emerge: Pakistan is reportedly exploring renewed US-Iran talks, while Trump is set to meet Netanyahu next week amid the escalating conflict.
  • War continues with 13th straight night of bombing: The US carried out a 13th straight night of strikes on Iran as Tehran launched fresh attacks on US-linked targets in Bahrain, Jordan, Kuwait, and Iraq.
  • Oil eases: Crude prices fell by week’s end despite continued fighting, as scant reports of possible diplomatic efforts outweighed ongoing regional attacks.
  • Trump warns Russia, China: Trump cautioned China and Russia against supplying arms or targeting help to Iran.
  • Political pressure grows at home: A new Fox News poll found most Americans oppose the Iran war, while reports say Trump is increasingly frustrated as the conflict drags on.

Source:

https://www.zerohedge.com/geopolitical/trump-losing-patience-revenge-mode-after-13th-consecutive-night-us-strikes-iran

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