Nuclear Deal Increasingly Unlikely As Iran Strengthens Ties With Russia ...Middle East

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Nuclear Deal Increasingly Unlikely As Iran Strengthens Ties With Russia
There are several reasons to be short crude oil currently – economic recession in the U.S. and looming recessions in Europe, ongoing lockdowns in China, the vested interest of the U.S. in keeping oil below US$75 per barrel of Brent, to name but three - but the prospect of an imminent new ‘nuclear deal’ between the West and Iran is not one of them. It is true that the European Union (EU) last week tabled a ‘final text’ of a new iteration of the nuclear deal – the Joint Comprehensive Plan of Action (JCPOA) –…

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