Iran, Europe and Nuclear
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Oil prices were little changed on Monday as traders assess the impact of new European sanctions on Russian oil supply while they also worry about tariffs possibly weakening fuel demand as Middle East producers are raising output.
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Al Jazeera on MSNNew reports cast doubt on impact of US strikes on Iran’s nuclear sitesCiting intelligence assessments, NBC News and Washington Post report that only Fordow site was destroyed in US attack.
Iran has long been divided between hard-liners who place high value on attaining a bomb and others who favor negotiations, sanctions relief, and global reintegration.
Oil prices were little changed on Monday, held in check by expectations that the latest European sanctions will have minimal impact on Russian oil supplies. Brent crude futures dropped 12 cents, or 0.
On June 23, the United States targeted and damaged three Iranian nuclear facilities. U.S. officials stated that the strike was in response to Iran’s recent escalation against Israel. The Iranians
EU sanctions on Russian crude, Iran nuclear talks, and U.S. tariffs may impact oil market dynamics and prices.
U.S. President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of U.