Sky News Arabia reported that Iran’s Deputy Foreign Minister said “Iran is ready to abandon its nuclear program on condition that the United States presents a satisfactory alternative offer”.Yesterday, we got the news that Iran has been secretly contacting the US to reach a deal and end the conflict, although Iran dismissed those reports as fake news. These are clear signs of de-escalation, and we might just need the US or Israel saying that they reached their objectives to see the markets cheering.Following the Deputy Foreign Minister comment, the markets reacted in a positive way as stocks jumped, while the US dollar and crude oil weakened.
This article was written by Giuseppe Dellamotta at investinglive.com.
đź’ˇ DMK Insight
Iran’s potential shift on its nuclear program could shake up oil markets significantly. If the U.S. and Iran reach a satisfactory deal, we might see a surge in Iranian oil exports, which could flood the market and impact global oil prices. Traders should keep an eye on Brent and WTI crude benchmarks, as any easing of sanctions could lead to a drop in prices. Additionally, this development could influence related assets like the Iranian Rial and regional equities. But here’s the flip side: if negotiations stall or if the U.S. doesn’t offer a favorable deal, we could see heightened tensions that might drive oil prices up instead. Watch for key resistance levels around $90 for Brent and $85 for WTI, as these could serve as pivot points in the coming weeks. Keep an eye on the news cycle for updates on negotiations, as any positive signals could lead to immediate market reactions.
đź“® Takeaway
Monitor Brent and WTI crude levels closely; a deal could push prices down, while stalled talks might spike them.






