Tag Archives: Iran

A spokesperson for Iran’s Foreign Ministry said on Wednesday that Iran has received the United States’ response to the draft agreement proposed by the European Union.The Iranian official has also said Tehran has started assessing the US comments on the draft deal. With the initial market reaction to this headline, …

The WTI crude oil recovered from reaching a daily low of around $86.29 and finished up 0.80%. US Department of State noted that a nuclear deal with Iran is closer, a headwind for oil prices. Oil traders are worried about a possible US recession and China’s economic slowdown.Western Texas Intermediate …

The US dollar has strengthened all along US trading hours as best performer. Market players assessed several encouraging US macroeconomic readings that suggest the economy has a good chance to avoid recession, despite technically being in.Economic DataEconomic data refers to Initial Jobless Claims declining to 250,000, below expectations, Philly Fed …

One of the biggest questions in the oil market, this week, is what after Iranians sent their response to the European draft nuclear deal? Iran’s response said neither “Yes”, nor “No” about the EU draft deal, instead the response raises issues which Tehran wants fused into the draft including, but …

Western Texas Intermediate crude oil has dropped from 1% to 3%, extending its losses to three consecutive days. Mixed US data and weaker Industrial Production as well as Retail Sales from China keep producers uncertain of total oil requirements. The Iran nuclear deal agreement would free additional crude to the …

The EU is working on a final draft concerning the nuclear deal with Iran as Tehran asks for further flexibility on the part of the United States. Iran is expected to provide an answer by the end of the day. The EU wants to bring back Tehran’s nuclear deal amid …

Iran responded to the European Union’s “final” draft text to save a 2015 nuclear deal on Monday, an EU official said, as the Iranian foreign minister called on the United States to show flexibility to resolve three remaining issues.While Washington has said, per Reuters, it is ready to quickly seal …

Oil prices fell sharply on Wednesday, amid efforts by US President Joe Biden to cut fuel taxes in order to reduce costs incurred by drivers in light of the strained relationship between the White House and the US oil sector. By 0918 GMT, Brent crude futures fell $4.65, or 4.1 …

Oil prices rose on Tuesday, recouping more of last week’s losses, while investors focused on the short supply of crude and fuel rather than the recession that could limit demand in the future. Brent crude futures rose 81 cents, or 0.7 percent, to $114.94 a barrel by 0703 GMT, adding …

Oil prices stabilized on Monday, after struggling to recoup last week’s losses, as the market worked to balance tight supplies and fears of slowing global economic growth. Brent crude futures were down 38 cents, or 0.3 percent, at $112.74 a barrel. Brent prices fell 7.3% last week, the first weekly …