RE:RE:OPEC and IRAN's Nuclear Program
BRENT will definitely rise over the next days, because IRAN's nuclear program and the lack of an agreement will be a game changer. The uncertainty about the outcome of this final meeting can propel BRENT at least 10% higher. This is from Reuters last week:
" But Western officials say there are still differences in the positions of the two sides, especially over the future scope of Iran's uranium enrichment program, which can have civilian and military uses.
The United States, France, Britain and Germany would like the number of enrichment centrifuges Iran maintains to be in the low thousands, while Tehran wants to keep tens of thousands in operation. It now has about 19,000 installed, of which about 10,000 are spinning to refine uranium. "