{"id":47244,"date":"2021-06-21T13:40:50","date_gmt":"2021-06-21T09:40:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=47244"},"modified":"2021-06-21T13:28:26","modified_gmt":"2021-06-21T09:28:26","slug":"oil-prices-rise-as-iran-talks-stall-and-amid-strong-summer-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-rise-as-iran-talks-stall-and-amid-strong-summer-demand\/06\/21\/market-updates\/","title":{"rendered":"Oil Prices Rise as Iran Talks Stall And Amid Strong Summer Demand"},"content":{"rendered":"\n<p>Oil prices rose on Monday, boosted by strong summer demand and a pause in talks to revive the nuclear deal, which could signal a delay in the resumption of supplies to OPEC member Iran.<\/p>\n\n\n\n<p>By the closing of Asian markets, Brent crude for August delivery was up 23 cents, or 0.3%, to $73.74 a barrel. US West Texas Intermediate crude for July delivery recorded $71.94, an increase of 30 cents, or 0.4%.<\/p>\n\n\n\n<p>Both benchmarks have risen over the last four weeks amid optimism about the pace of global vaccination and an improvement in summer travel.<\/p>\n\n\n\n<p>The recovery lifted premiums for spot crude in Asia and Europe to their highest levels in several months.<\/p>\n\n\n\n<p>Negotiations to revive the Iran nuclear deal were suspended on Sunday after hardline judge Ebrahim Raisi won the presidential election there. Two diplomats said they expected a pause of about 10 days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday, boosted by strong summer demand and a pause in talks to revive the nuclear deal, which could signal a delay in the resumption of supplies to OPEC member Iran. By the closing of Asian markets, Brent crude for August delivery was up 23 cents, or 0.3%, to $73.74 a barrel. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":44454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6846],"class_list":["post-47244","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=47244"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47244\/revisions"}],"predecessor-version":[{"id":47245,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47244\/revisions\/47245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=47244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=47244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=47244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}