Oil climbs as Iran rejects MoU extension and signals escalation
TL;DR
Oil prices rose after Iran ruled out extending the June 17 U.S.-Iran memorandum of understanding, signaling a potential shift to offense if diplomacy fails as the 60-day window for nuclear talks nears expiry; U.S. crude traded around $82.79 per barrel and Brent around $89.06.
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- The 60-day deadline for an Iran peace deal is expiring. Here’s where things stand AP News
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- US-Iran Memorandum of Understanding expires: How and why it fell apart Al Jazeera
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