US-Iran Talks Set 60-Day Window for Oil Price Direction
The next 60 days of US-Iran negotiations will determine oil price trajectory, with markets pricing out worst-case Middle East scenarios but remaining cautious.
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Oil markets received a boost from encouraging news in US-Iran talks after weeks of rising Middle East tensions. However, the situation remains far from resolved. The next 60 days are seen as critical for determining where oil prices head next. Markets have already priced out the most extreme downside scenarios, but any breakthrough or setback in talks could trigger significant moves.
Source: FXStreet Forex News