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Iran plans to prepare a draft of potential nuclear agreement within 2-3 days for consultations with the US

This development indicates that Iran is taking steps towards formalizing a potential nuclear agreement, which could influence the geopolitical landscape significantly.

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Context

If the draft moves forward positively, it may ease tensions and have a considerable impact on energy markets, particularly WTI, as it may alter supply dynamics or sanctions. Market participants should be alert for reactions from the US and EU, as the agreement's progression could shift the oil price outlook and risk sentiment globally.

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