|

Iran says nuclear talks with world powers to resume on Nov. 29

In recent trade, it has been reported that Iran's talks with world powers aimed at reinstating a 2015 nuclear deal will resume on Nov. 29.

This comes across a number of news agencies in the last hour.

Iran's top nuclear negotiator, Ali Bagheri Kani, was reported to have spoken and announced the date as Western concerns over Tehran's nuclear advances grow.

This is from Reuters:

"In a phone call with @enriquemora, we agreed to start the negotiations aiming at removal of unlawful & inhumane sanctions on 29 November in Vienna," Bagheri Kani wrote in a tweet.

In April, Tehran and six powers started to discuss ways to salvage the nuclear pact, which has eroded since 2018 when then-President Donald Trump withdrew the United States from it and reimposed sanctions on Iran, prompting Tehran to breach various limits on uranium enrichment set by the pact. read more

But the talks have been on hold since the election of Iran's hardline President Ebrahim Raisi in June, who is expected to take a tough approach when the talks resume in Vienna.''

Market implications

Iran has been the wold card for oil for some time and this is sure to keep traders o the edge of their seats. 

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD struggles for direction amid USD gains

EUR/USD is trimming part of its earlier gains, coming under some mild downside pressure near 1.1730 as the US Dollar edges higher. Markets are still digesting the Fed’s latest rate decision, while also looking ahead to more commentary from Fed officials in the sessions ahead.

GBP/USD drops to daily lows near 1.3360

Disappointing UK data weighed on the Sterling towards the end of the week, triggering a pullback in GBP/USD to fresh daily lows near 1.3360. Looking ahead, the next key event across the Channel is the BoE meeting on December 18.

Gold losses momentum, challenges $4,300

Gold now gives away some gains and disputes the key $4,300 zone per troy ounce following earlier multi-week highs. The move is being driven by expectations that the Fed will deliver further rate cuts next year, with the yellow metal climbing despite a firmer Greenback and rising US Treasury yields across the board.

Litecoin Price Forecast: LTC struggles to extend gains, bullish bets at risk

Litecoin (LTC) price steadies above $80 at press time on Friday, following a reversal from the $87 resistance level on Wednesday. Derivatives data suggests a bullish positional buildup while the LTC futures Open Interest declines, flashing a long squeeze risk.

Big week ends with big doubts

The S&P 500 continued to push higher yesterday as the US 2-year yield wavered around the 3.50% mark following a Federal Reserve (Fed) rate cut earlier this week that was ultimately perceived as not that hawkish after all. The cut is especially boosting the non-tech pockets of the market.

Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.