- Oil prices decreased sharply following comments from President Trump indicating the U.S. is close to a nuclear deal with Iran.
- Iran’s officials have suggested they would consider abandoning uranium enrichment if the United States lifts economic sanctions.
Oil prices dipped by 4% early on Thursday after U.S. President Donald Trump said the United States were close to a nuclear deal with Iran, while a top Iranian officials hinted at Tehran abandoning uranium enrichment if the U.S. lifts the economic sanctions. NB: Amazing people believe them this time The slide in oil prices intensified early on Thursday, after President Trump said “We’re in very serious negotiations with Iran for long-term peace.” “We’re getting close to maybe doing a deal without having to do this… there (are) two steps to doing this, there is a very, very nice step and there is the violent step, but I don’t want to do it the second way,” President Trump told a pool of reporters during his tour of the Middle East. These comments came hours after the U.S. Treasury slapped additional sanctions on Iran, designating nearly two dozen firms operating in multiple jurisdictions in virtually every aspect of Iran’s illicit international oil trade.