IRAN OIL CRISIS: Midterm clock is TICKING

FOX Business' Taylor Riggs reacts to oil prices falling after reports Pakistan is looking to restart U.S.-Iran talks with China's backing.

FOX Business' Taylor Riggs discusses the significant drop in crude oil prices on following news that Pakistan, with China's backing, seeks to restart U.S.-Iran talks. Analyst Lou points out critical supply shortages and the crack spread's implications. He warns that if the situation with Iran isn't resolved soon, high gas prices could negatively impact midterm elections, creating a tough political challenge.