The rumor of negotiations pushed oil down

The rumor of negotiations pushed oil down

🔹️ Simultaneous publication of positive news about the negotiations between Iran and the USA and the possibility of reopening the Strait of Hormuz once again affected the oil market and lowered prices.

In the latter case, Kyodo and Reuters, citing Iranian sources, claimed that Tehran is ready to reopen the Strait of Hormuz within 7 days if US military pressure is reduced and the blockade on the ports is lifted; The news was accompanied by a drop in oil prices.

However, Iranian sources declared these reports invalid and untrue.

🔹️ This happened while yesterday, at the same time as a Pakistani official visited Tehran, the price of oil fell by about 3% and Brent reached the $100 range.

🔹️ The repetition of this process, from the publication of positive news about negotiations at the same time as diplomatic movements to the drop in oil prices, has become a recurring scenario.

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