A deal with Iran on its nuclear programme has been reached

Market news

14 July 2015

A deal with Iran on its nuclear programme has been reached

A deal with Iran on its nuclear programme has been reached. A deal means that sanctions on Iranian crude exports will be lifted and the country sell more crude oil on the global market. The global oil market is already oversupplied. More crude oil will lead to falling oil prices.

According to a deal, UN inspectors will have access to all suspect Iranian sites.

U.S. business inventories rise 0.3% in May

U.S.: Business inventories , May 0.3% (forecast 0.3%)

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