The Persian Gulf Gas Intensive Fage in Bandar Abbas, Iran, on January 9, 2019.
Ali Muhammadi Bloomberg Gety pictures
Oil prices fell on Thursday due to expectations that the United States and Iran had soon reached an agreement on the nuclear program of Bran.
International standard Brent Raw futures decreased with the expiration of July 2.36 % to close at $ 64.53 a barrel, which prompted some of its previous losses. we West Texas Medium At the same time, futures are closed at $ 61.62, a decrease of 2.42 % for the session.
Speaking in Doha, Qatar during the Middle East trip, the American President Donald Trump The United States said it is close to securing a nuclear deal with Iran.
“We are in very serious negotiations with Iran for long -term peace,” Trump said.
His comments come shortly after a senior adviser to Iran’s supreme leader NBC News said The OPEC product was ready to sign a nuclear deal with some conditions in exchange for lifting economic sanctions.
The moment of a nuclear agreement in the United States is expected to be deep effects on the oil markets.
“The development overnight to a possible nuclear agreement is the only reason for the morning weakness. If an agreement is reached, Iran agrees to stop enriching the uranium weapons and the deal is effectively applied, which is difficult to believe, then Tamas, Tamas, an email.
He added: “It seems that the price is negative, but its effect will be reduced by OPEC+ trading on his plan to launch barrels to the market faster than the scheme in the first place.”
Opec and Nonc Partners, an influential energy alliance known as Opec+, surprised the markets by raising the supply in recent months.
Under the leadership of the Kingdom of Saudi Arabia, the group agreed in early May to increase production by 411,000 barrels per day in June. The move came one month after OPEC+ approval to enhance production in May with the same amount.
Economic pain
Iran’s economy has deteriorated significantly In the years after Trump in 2018, the United States was withdrawn the Iranian nuclear deal, entitled “The Joint Comprehensive Action Plan”. The agreement was made in 2015 alongside Russia, China, the European Union and the United Kingdom under the Obama administration to reduce Iranian nuclear activity and monitor nuclear activity in Iran in exchange for relief for sanctions.
It is already facing several years of protests, the weakness of the currency, and a cost crisis. The Islamic Republic had had a hammer strike Loss of its main ally in the Middle East Last year, when the Assad regime collapsed in Syria. Meanwhile, Tehran’s infection killed Israel most of the Hizbullah High Command, Iran’s representative in Lebanon.
The supreme leader of the Iranian, Ayatollah Ali Khounai, was previously opposing negotiations with the United States, but senior Iranian government officials According to what was reported, he made coordinated efforts to change his opinion, The decision is framing as decisive to the regime’s survival.
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