Oil prices sank today after a report said Iran is ready to sign a nuclear deal if all economic sanctions are lifted. Trump added to that by saying Iran had agreed to terms and that “we’re getting close to doing a deal with Iran.”
This pushes back on that a bit but there is some serious smoke around a deal. Oil prices have come about $1 off the bottom but that was before this headline.
This article was written by Adam Button at www.forexlive.com.
