Progress toward deal to end US-Iran war slows down – WSJ

💡 DMK Insight

The stalled negotiations between the US and Iran could shake up oil markets significantly. With ongoing disagreements over Iran’s nuclear ambitions and financial relief demands, traders should brace for volatility. If talks collapse, we might see a spike in oil prices as fears of supply disruptions resurface. Historically, tensions in the Middle East have led to price surges, and this situation is no different. Keep an eye on Brent crude, which has been sensitive to geopolitical developments. If it breaks above recent resistance levels, it could signal a bullish trend. On the flip side, if an agreement is reached, we might see a bearish reaction as markets price in increased supply from Iran. Watch for key levels around $90 for Brent; a break below could indicate a shift in sentiment. The next few weeks will be crucial as traders react to any news from the negotiations.