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Oil Highest Since 2018 With Iran Deal Elusive and OPEC Talks Due

Oil Highest Since 2018 With Iran Deal Elusive and OPEC Talks Due
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Oil Hits Highest Since October 2018 as OPEC+ Flags Tight Market

(Bloomberg) U.S. crude futures climbed to the highest in more than 2 1/2 years after the OPEC+ alliance forecast a tightening global market, while international efforts to revive a nuclear deal with Iran were yet to reach a breakthrough.West Texas Intermediate rose as much as 3.2% from Friday’s close to $68.42 a barrel, while global benchmark Brent topped $70, a level it has failed to hold for a sustained period since 2019.The oil glut built up during the coronavirus pandemic has almost gone and stockpiles will slide rapidly in the second half of the year, according to an assessment of the market from an OPEC+ committee. The coalition is expected to ratify a scheduled output increase for July when it meets later on Tuesday.Traders also continue to follow the progress of negotiations between Tehran and world powers to revive the 2015 nuclear agreement, paving the way for increased oil supplies from Iran. The country said it hopes to fully reactivate the deal before the end of t

Iran s Zarif Says Onus on US to Return to Compliance With Nuclear Deal

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Iran Reportedly Sends Positive Signals on Informal Nuclear Talks

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Pompeo to Reportedly Accuse Iran of Connection to Al-Qaeda in Tuesday Speech

Pompeo to Reportedly Accuse Iran of Connection to Al-Qaeda in Tuesday Speech © REUTERS / Khalil Ashawi https://sputniknews.com/us/202101121081737114-pompeo-to-reportedly-accuse-iran-of-connection-to-al-qaeda-in-tuesday-speech/ During the Trump administration s four years, its second state secretary, Mike Pompeo, has not been known for being soft towards Tehran, as he is known to be a maximum pressure campaign apologist, with his State Department claiming that Iran is world s leading state sponsor of terror . Outgoing Secretary of State Mike Pompeo will deliver a speech on Tuesday, in which it is presumed that he will accuse Iran of links to al-Qaeda , Reuters reported, citing two people familiar with the matter.

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