EU's Mogherini says sanctions on Iran can be lifted soon

Reuters reporting the EU head of foreign affairs Frederica Mogherini speaking Prague

• there is no set date for dropping sanctions but this can come rather soon

"There is no date set yet. The date is going to be related to the full implementation of all the steps that need to be taken"

I can tell you that my expectation is this day could come rather soon. The implementation of the agreements is proceeding well"

Another timely reminder for oil markets following on from comments from the IEA's Birol that I posted earlier.

Brent crude currently $32.85 in retreat from $33.36 highs. WTI $32.56 from $32.94