Iran and EU close to a deal enabling Iran to sell it’s oil to EU - RIA

Eren Sengezer FXStreet

According to Russian news agency RIA, Iran and the EU are close to reaching an agreement that would allow Iran to sell its crude oil to the EU. With the initial reaction to this headline, the barrel of West Texas Intermediate edged lower and was last down 1.53% on the day at $61.55.

There might be a reaction from the U.S. if this news turns out to be true and we could see a fresh wave of flight-to-safety.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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