Oil prices jumped after reports that US President Donald Trump became less confident in reaching a nuclear deal with Iran, a member of OPEC. Brent’s delivery contracts rose by about 4.5% by 10:44 Dubai Time by August to affect the price of a $ 70 barrel. With the interaction of the markets with the development of core negotiations with Iran, as well as trade conversations with China. Trump told the New York Post that he was “less confident” that Tehran could be persuaded to give up his nuclear program. The impact of the nuclear deal on the oil market means that the absence of the agreement that Iranian oil supplies are likely to remain subject to US sanctions. On the other hand, the intensity of trade tensions between the United States and China has dropped, after the two largest economies in the world reached a preliminary framework aimed at calming the trade war that negatively affected the global growth expectations and energy demand. “Oil prices have jumped against the backdrop of President Donald Trump’s statements, reducing the chances of reaching an imminent nuclear deal with Iran,” Dansky Bank said, adding that “these statements increase a positive morale in the market, in light of the progress of trade talks and expectations to draw up more serious sanctions on Russia.” How did the sanctions affect the oil trade between Iran and China? .. The answer here was that prices had fallen earlier in the session after statements by Iranian Foreign Minister Abbas Araqji, in which he said that the reach of a nuclear agreement was “close to reach” and “could be reached quickly”. The Russian Interfix Agency reported that Moscow proposed the transfer of the remains of Iranian DNAs to its territory in support of an agreement. Meanwhile, investors have held the effects of a US Federal Court of Appeal, which Trump was currently able to continue to impose global customs duties under the economic emergency authorities. The risks of vaccination of oil supplies. Oil prices have seen a fall this year as a result of the militant commercial policy of the Trump administration, which has affected the expectations of global growth and has weakened the appetite of investors to high -risk assets, including commodities. At the same time, the ‘OPEC+’ Alliance rushed to restore its broken productive capacity faster than expected, which also expressed concern about a possible vaccination in the supplies during the second half of 2025. recycling, with the support of the strike of decline in decline of the decline of the commercial and the expectation of the last session, supporting the cessation of the decline in the fall and expectation of the last session, with supporting the strike increase during the summer season. A monthly report issued by the US Energy Information Administration has shown that the state of ambiguity currently surrounding the oil market, as the supply would exceed the demand of 800 thousand barrels per day this year, which is the largest surplus since the beginning of the 2025 publication does not expect the US production to start to the highlight of the year. Meanwhile, provisional estimates from the sector have shown that US crude oil shares have decreased by about 400 thousand barrels over the past week, and if it is confirmed by the expected official data on Wednesday; This is the third weekly haven in a row.
The price of oil is reported to reports on the failure of negotiations between Trump and Iran
