Oil Prices Dive After Report of U.S.-Iran Talks
two sides met in Vienna on Wednesday. U.S. crude prices fall 5% after reports of U.S.-Iran talks on a nuclear deal that would allow the Islamic Republic to export more crude.
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U.S. crude oil prices dropped nearly 5% on Thursday following a report that the United States and Iran were in talks about a temporary nuclear agreement which would allow Iran to export more crude.
Middle East Eye has reported that the countries in question are
A stopgap deal is near
In which Washington eases some sanctions in exchange for Tehran reducing uranium-enrichment.
The British news site cited sources familiar with the talks and said that Iran would be permitted to export up 1 million barrels per day. Other relief measures were also discussed. After the news, oil prices fell:
Crude Oil - WTI (IFEU $/bbl) Front Month
WBS.1 (IFEU)