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PropMarketCapFRESHCurrencies, commodities and indices

US and Iran made mutual concessions: for oil prices this is the main topic of the year

On November 3, Arab TV channels reported progress on the Iranian dossier: Washington approved a draft memorandum of understanding with Tehran, and the parties are discussing how to announce a temporary agreement. For oil, this is the most sensitive geopolitical topic of the year.

PropMarketCapFRESHCurrencies, commodities and indices

Iran rejected the Qatari draft, oil prices went up: WTI above $100

On October 28, Tehran publicly rejected the draft agreement passed by Qatari mediators and stated that the nuclear program is not a subject for discussion at all. Oil reacted with a rise: WTI gained more than 1% and traded around $100.80.