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False dawn: oil price fell yesterday over the news of sanctions against Iran being lifted!

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Sanctions against Iran

The reaction - or over-reaction - by the crude oil markets yesterday over the news that the US had lifted some sanctions agains ex-Iranaian officials was fairly alarming. According to the top iranian negotiator, there are still 500 sanctions to be lifted with both primary and secondary sanctions remaining in place.It looks like the crude oil markets are obsessed with the Iranian factor, despite the assurance by the OPEC+,  in which Iran is a member that even if Iran is back in international markets, the supply will be orderly and transparent.

Judging by yesterday's reaction, will it go seismic in the event of all sanctions being lifted?

More on that is here:

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