A Pakistani government source said that Iranian Foreign Minister Araqchi is expected to arrive in Islamabad on Friday evening with a small delegation, and that negotiations with the United States are likely to take place, causing oil prices to fall rapidly. Tamas Varga of oil brokerage PVM said that although the fundamental background remains favorable, traders are closing out long positions ahead of a very unpredictable weekend and will readjust their positions on Sunday evening based on developments in Iran. Haitong Futures said in a report that if talks remain stalled and fighting resumes by the end of April, oil prices could climb to a new high for the year. Susanna Street, chief investment strategist at UK investment services firm Wealth Club, said that with key transport routes in the region still disrupted, there will be new economic pain ahead. This will keep the prices of many commodities high. (Jinshi)