Turkish top diplomat says US and Iran are showing flexibility on a nuclear deal, according to FT
Newsquawk Staff ·
Turkish top diplomat says US and Iran are showing flexibility on a nuclear deal, according to FT.
What it means
The comments from the Turkish top diplomat regarding US and Iranian flexibility on a nuclear deal signal potential thawing of tensions that could impact oil markets. If negotiations progress positively, it may lead to increased supply or market stability in crude oil, particularly affecting WTI prices. Traders should be mindful of how this development can influence risk sentiment and commodity pricing in the short term.
Sources
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports
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