This Iran nuclear deal , if it can be cemented, could likely be the catalyst to boost equity markets forward.
The deal if materialise would unleash up to 1 mil barrels of oil into the market and cause Crude to crash below $85.
An opportunity for Iran to grab which France is very keen. Iran responds to EU's 'final' proposal on nuclear deal
34 min ago
Iran has responded to what the European Union calls a "final" proposal to revive the 2015 nuclear deal. The agreement was aimed at curbing Tehran's nuclear activities in return for a lifting of sanctions by the international community.
The deal has been dysfunctional since US President Donald Trump withdrew the United States from it in 2018. Iran responded by stepping up its nuclear development.
The EU has been mediating indirect talks between Iran and the US to restore the deal.
Both Iran and the US are engaged in last-minute efforts to reach an agreement that will serve their own best interests.
The EU on August 8 said it had presented a "final" offer to Iran and the US. Talks had been stalled over issues such as the scope of sanctions that the US would agree to lift.
Iran's state-run news agency on Tuesday reported that Tehran has presented its view to the EU.
It said the US "has shown its flexibility about two of the three remaining points of difference orally, but Iran wants inclusion of them in the text of the agreement."
An EU spokesperson said in a news conference that the bloc is studying Iran's response and consulting with the other participants, including the US, on the way forward.
