Iran says talks with the US are ongoing, no nuclear commitments made

💡 DMK Insight

Ongoing talks between Iran and the US could shake up oil and forex markets significantly. Traders should keep a close eye on these negotiations, as any breakthrough or setback could lead to volatility in oil prices, which are already sensitive to geopolitical tensions. If the talks progress positively, we might see a dip in oil prices, impacting currencies like the Iranian Rial and even the US Dollar. Conversely, if negotiations stall, expect a spike in oil prices, which could strengthen the Rial temporarily but create broader instability in the forex market. Look for key resistance levels in oil around recent highs; a breakout could signal a shift in sentiment. Keep your charts ready for potential price action around these developments, especially in the next few days as news unfolds.