According to a US official quoted by CNN, U.S. President Donald Trump will announce new sanctions on Iran, but he won't immediately quit the deal.
As CNN reports, the new sanctions could take "months" to go into effect and such move will allow a "grace period" that could offer the deal's proponents an opening to negotiate.
At the time of writing, WTI is plummeting across the board, now trading at $68 per barrel.
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