An agreement could lift US sanctions on Iranian oil and quickly add supply to the market, although a number of vital issues still need to be ironed out
Most Asian equities rallied Tuesday and Brent crude hit a more than seven-year high as optimism over the global recovery returned to trading floors, though concerns about the end of long-running central bank support tempered sentiment.
According to the WHO, preliminary evidence has suggested that there may be an increased risk of reinfection with Omicron as compared to other variants of concern
Global oil prices have been rising over the past few months. Last week, Brent crude averaged at $84.9/barrel, which is $2.5/barrel higher than the last week’s average