Home Forex Prospects for an agreement with Iran in the near future unlikely.

Prospects for an agreement with Iran in the near future unlikely.

by SuperiorInvest

US Secretary of State Blinken says Iran’s response to the EU’s nuclear deal proposal makes the prospect of a deal unlikely any time soon.

Meantime, oil prices they were higher due to a weaker US dollar offsetting lingering concerns about weaker demand as risk sentiment increased on many fronts. there were reports that Ukrainian forces had made significant progress in pushing back Russian troops and this also supported a better tone in European markets. Additionally, there was a report from the New York Federal Reserve that encouraged optimism, suggesting that inflation may be subsiding.

For now, WTI is flat, trading at $88.00 a barrel.

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