Iran remains biggest threat to energy market this year as many analysts believe a nuclear deal among Iran and six world powers could bring out new wave of oil supply to already over supplied market.
- Diplomats from six world powers and Iran negotiating the terms of a sweeping nuclear deal with Tehran in Vienna.
- Original deadline for the deal was 30th June which was extended by another week yesterday by the participants.
The discussions are at the final stage in a near two year process, which is aimed at permanently curbing Iran's nuclear program in exchange for removal of economic sanctions.
According to sources familiar, a deal is very close, since broader framework has already been agreed in April. However, it might take some more time to finalize the text.
However, if a deal doesn't get sealed by July it could be difficult to achieve since US Congress will have greater say in the matter.
Global crude benchmarks, such as Brent and WTI might come under pressure if a deal gets sealed before 9th. However, real sanctions removal and increase in supply might take some more time to surface.
Brent is currently trading at $63/barrel at $4.4/barrel premium to WTI.


Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations
Vietnam’s population hit the 100 million milestone. Where’s it headed?
Buy the Dip: Gold Holds Strong at $3980, Targets $4150
Smartphones are helping filmmakers tell the stories the movie industry overlooks
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings
Trump has made more than $1 billion from crypto in a year. How?
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone
Elon Musk is remaking the world, like Henry Ford before him – but more dangerously 



