US State Department senior official says we have hit a wall on the Iran nuclear deal

Senior US State Department official with the statement:

• 'We've hit a wall' on the Iran nuclear deal because of Iran's position
• Iran's position is 'so unreasonable'
• There has been nothing this week that indicates that Iranians are ready to change
• Iran is standing in the way of economic relief that a nuclear deal would provide
• There will be more steps to come after Thursday's sanctions on Iran

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Oil traders have been watching the progress (and lack of) of these talks. The reasoning being that if a deal could be reached it'll (eventually) bring more Iranian oil back to market and hence, at the margin, increase supply and decrease prices. This news is, thus, bullish for oil at the margin.

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eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term