Following excerpt taken from Daily FX site.
"Oil: All eyes on the oil market today as President Trump will announce his decision on the Iranian Nuclear Deal. A vocal critic of the agreement it is likely that President Trump will not certify the deal, however the focus will on whether the US will impose new sanctions on Iran that would curb crude oil exports. In the run up to the announcement, WTI crude futures have continued to pull back from 3 and half year highs."
Just watched his Speech on Youtube.
So Trump pulled out of Iran Nuclear deal. Will see what happens now. Sanctions on Iran may very well impact Global Oil prices.
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