Oil markets are now watching the ongoing nuclear deal talks and the hardline Raisi's messages to glean what they might mean for global supply and prices.
Oil markets are now watching the ongoing nuclear deal talks and Iranian President-elect Ebrahim Raisi's messages to glean what they might mean for the world's supply of the commodity.
DUBAI, United Arab Emirates — Iran's president-elect Ebrahim Raisi gave his first press conference since the country's election, saying Monday that his government's priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at the same time squarely ruling out meeting with U.S. President Joe Biden.
The 2015 Iranian nuclear deal, officially named the Joint Comprehensive Plan of Action and led by the Obama administration and several other world powers, lifted sanctions on Iran in exchange for curbs to its nuclear program. Former President Donald Trump pulled out of the deal in 2018 and reimposed harsh sanctions on Iran, crippling its economy.Croft: It looks increasingly like Iran will elect a hardline president, and the U.S.
Oil markets are now watching the talks and Raisi's messages to glean what this might mean for the world's supply of the commodity.
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