Iran Delegate: Iran has not reached an agreement with OPEC

Haresh Menghani FXStreet

According to the latest headlines floating on the wires, Iran was said to have agreed in principle to the OPEC deal to cut around 800k bpd. Meanwhile, an OPEC source said that OPEC proposal for non-OPEC to cut around 400,000 bpd but a meeting is still required.

The news, however, was denied by Iranian delegate, saying that we have not reached an agreement with OPEC and talks are ongoing, and there is still a lot of haggling over how the deal is worded.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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