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2 Apr 2015
Iran nuclear deal reached
FXStreet (Bali) - There has been official confirmation of an Iran nuclear deal, according to German and Iranian sources, noting that a framework is now in place.
While the final technical details of the deal are not to be concluded until June 30, sources note that one of the agreements is that 2/3 of Iran's current enrichment capacity will be suspended and monitored for 10 years.
Oil traded as low as 48.40 earlier, with the news failing to break into new lows but instead allowing black gold prices to consolidate above the 49.00 handle, currently at 49.40.
While the final technical details of the deal are not to be concluded until June 30, sources note that one of the agreements is that 2/3 of Iran's current enrichment capacity will be suspended and monitored for 10 years.
Oil traded as low as 48.40 earlier, with the news failing to break into new lows but instead allowing black gold prices to consolidate above the 49.00 handle, currently at 49.40.