German Chancellor Merz says the EU is ready to ease sanctions on Iran if concessions are made, and that there was no opposition at the European summit to this

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German Chancellor Merz says the EU is ready to ease sanctions on Iran if concessions are made, and that there was no opposition at the European summit to this

WSJ's Norman outlines that the main questions now are if Iranian Foreign Minister Araghchi return to Tehran or Islamabad after his country tour, and if he goes to Tehran is it to inform leadership that talks can resume

Al Arabiya correspondent says Iran FM Araqchi will discuss the renegotiation process tonight in Pakistan

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Context

This statement from German Chancellor Merz signals a potential shift in EU policy towards Iran, especially regarding sanctions, contingent on concessions. Such a change could lead to increased oil supply from Iran, impacting global energy prices and providing a more favorable environment for commodities like WTI, which traders should monitor closely.

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