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To: Goose94 who wrote (130448)8/10/2022 7:15:01 AM
From: Goose94Read Replies (1) | Respond to of 203376
 
Crude Oil: An Iran Nuclear Deal Could Send Oil Prices Tumbling Towards US$80

Oil prices bounced back on Tuesday due to news that Russian oil supplies to central Europe via Ukraine had been halted. Meanwhile, it seems that the Iranian nuclear talks will soon creep back into the energy market agenda. The negotiations broke off for a period of national consultations when diplomats returned to their countries to discuss the EU-brokered draft. Now, there is speculation that Iran may agree to this final draft. If that happens, expect oil prices to fall back toward $80 per barrel.

Iranian Deal Moves Back into Limelight.

The swiftly organized indirect negotiations between Tehran and Washington have reportedly made good progress, according to diplomats participating in the talks, after the EU presented a final text on the revival of the JCPOA.

Oilprice.com