No agreement has been formed between the US and Iran, Nournews reports citing sources. Narratives are part of a "media creation".
The lack of agreement between the US and Iran, framed as media speculation, could maintain uncertainty in energy markets, particularly oil, which often reacts to geopolitical developments.
US EIA Weekly Crude Production 13.573M (Prev. 13.586M)
US EIA Weekly Crude Production Change, -0.08% (Prev. 0.01%)
No agreement has been formed between the US and Iran, Nournews reports citing sources. Narratives are part of a "media creation".
Iran's Foreign Ministry Spokesman says "The concept of “negotiations” requires, at the very least, a genuine attempt to engage in discussions with a view to resolving the dispute"
EIA Expectations: Crude -2.8M, Distillate -2.0M, Gasoline -1.7M
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- US proposal is in review in Iran, no conclusions have been announced yet.
Traders might expect continued volatility in commodities like WTI and gold, alongside potential movement in currencies sensitive to geopolitical risk, such as the USD and JPY.
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