Sky News Arabia is reporting:Negotiations in Tehran have reached an understanding on broad outlines regarding the nuclear issue.Delivery of Uranium would be linked to lifting the sanctions and would be gradual.Focused on an understanding regarding the Strait of Hormuz which is still in negotiations. Iran still wants American guarantees for any agreement reached. Crude oil has reached a new low at $94.73. The current price is at $95.84. That is the lowest level since May 8th. Price is down but the oil needs to flow to rebuild stockpiles and get prices lower.The Univ. of Michigan consumer sentiment sent a shot across the bow with sentiment lower due to higher gas prices and also higher inflation expectations. That is not a good optic. Kevin Warsh and Pres. Trump talked about reforming the Fed and that growth should not be always stifled “just because” implying you can have growth and some inflation. You can not have slowing growth and higher inflation though. The pressure is on to move to a solution. AAA gas prices going into the Memorial Day holiday is hanging around highs at $4.55. Stocks remain higher but off the highs as well. Dow is up $482 or 0.95% at 50769S&P is up 50.27 points or 0.68% at 7497Nasdaq is up 158 points or 0.61% at 26454
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
Iran’s nuclear negotiations are heating up, and here’s why that matters for traders: The linkage of uranium delivery to sanctions relief could significantly impact oil prices, especially with the Strait of Hormuz still under negotiation. Traders should keep an eye on crude oil futures, as any breakthrough could lead to increased supply and a potential drop in prices. The geopolitical tension in this region often leads to volatility, so expect fluctuations in energy stocks and related commodities. If sanctions are lifted, we could see a surge in Iranian oil exports, which would alter the current supply dynamics. But here’s the flip side: if negotiations falter, we might see a spike in oil prices due to fears of supply disruptions. Watch for key levels in Brent crude around $90; a break above could signal a bullish trend, while a drop below $85 might indicate bearish sentiment. Pay attention to any updates from Tehran in the coming days, as they could trigger immediate market reactions.
📮 Takeaway
Monitor Brent crude around $90 for potential breakout signals; geopolitical developments in Iran could shift oil supply dynamics significantly.






