Prices

On Thursday, oil prices fell sharply from the expectations that the US and Iran could quickly reach the Tehran nuclear program.

International benchmark Brent Raw fitness futures last were seen by 3.2% lower by $ 63.99 a barrel, disassembling some previous losses. Us Intermediate Western Texas Meanwhile, futures amounted to $ 60.98, which is 3.4% per session.

Speaking in Doha, Qatar during a trip in the Middle East, US president Donald Trump He said the United States approached the nuclear transaction with Iran.

“We are holding very serious negotiations with Iran in the long-term world,” Trump said.

His comments come shortly after the chief advisor of the Iran’s High leader said NBC NEWS The fact that OPEC manufacturer was ready to sign a nuclear case with certain conditions in exchange for lifting economic sanctions.

The prospect of the US nuclear transaction is expected to have deep consequences for oil markets.

“The Overnight Development of a Possible Nuclear Deal is the sole reason for the morning’s weakness. If an agreement is reached, Iran agrees to halt enricing weapon grade uranium and the deal is effectively. Hard to Believe, then the Persian Gulf Country’s Crude Oil Exports Can Rise by As much as 1 (Million Barrels Per Day), “Tamas Varga, Analyst at Brokerage Pvm, Told Cnbc Via via email.

“It sounds that the price is negative, but its impact may be softened by OPEC+if it returns to its plan to release the barrels back to the market faster than the planned initially,” he added.

OPEC and Non-Opec Partners, an influential energy alliance known as OPEC+, surprised the markets, increasing supplies in recent months.

Under the leadership of Saudi Arabia, the group agreed to increase production by another 411,000 barrels a day in June. The move took place a month after OPEC+ agreed to increase production in May for the same amount.

Iran’s economy has deteriorated sharply During the years after Trump in 2018 he abandoned the United States from Iran’s nuclear transaction, officially called a joint comprehensive action plan. The agreement was envisaged in 2015 with Russia, China, the EU and the UK in the Obama administration to restrain and strictly control Iran’s nuclear activity in exchange for sanctions.

Already colliding with several years of protest, significantly weakened currency and crisis of life, the Islamic Republic was hit by a hammer Loss of its main ally in the Middle East Last year, when the Assad regime collapsed in Syria. Meanwhile, Tehran Israel’s archenes have killed most of the top management of Hatsbala, Iran’s proxy in Lebanon.

Iran’s High leader Ayatollah Ali Khamenei previously strongly opposed the negotiations with the US, but senior Iranian government official It was reported to have started coordinated efforts to change your mind, Equity of the decision as a critical for survival of the regime.