Catch up on weekend news.
On Saturday, negotiators from France, Britain and Germany (collectively known as E3) expressed doubts about Iran’s commitment to reaching an agreement on talks to revive its 2015 nuclear deal.
- “This latest demand raises serious doubts about Iran’s intentions and commitment to a successful outcome of the JCPoA” (JCPoA is the Joint Comprehensive Plan of Action…that’s the deal to bring back to life).
- “Iran’s position contradicts its legally binding commitments and jeopardizes prospects for a restoration of the JCPoA.”
Iran responded with the middle finger later in the weekend. Iranian Foreign Ministry spokesman Nasser Kanani:
- “It is surprising and unfortunate that in a situation where diplomatic interactions and exchanges of embassies continue…to complete negotiations,” E3 would make such an “unconstructive” statement
- “The three European countries are advised to play a more active role in finding a solution to end the few remaining disagreements, rather than entering the phase of destroying the diplomatic process.”
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That should give oil prices a tailwind when futures markets reopen Sunday night US time.
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