Home » International oil prices fluctuated strongly: the restart of the Iran nuclear agreement is approaching, and the situation in Russia and Ukraine is showing ups and downs.

International oil prices fluctuated strongly: the restart of the Iran nuclear agreement is approaching, and the situation in Russia and Ukraine is showing ups and downs.

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International oil prices fluctuated strongly: the restart of the Iran nuclear agreement is approaching, and the situation in Russia and Ukraine is showing ups and downs.


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Original title: International oil prices fluctuated strongly: restarting the Iran nuclear deal is approaching the door, and the situation in Russia and Ukraine is showing ups and downs

  Financial Associated Press (Shanghai, edited by Shi Zhengcheng),In less than ten hours on Thursday, the international oil price was once again on a stimulating roller coaster under the influence of the continuous fermentation of many geopolitical events.

As of press time, after Brent oil fell from $96 to $91 in the early morning, it jumped straight to above $94 under the stimulus of “Donetsk cannons”. At present, as the situation shows no signs of further deterioration, oil prices have fallen again. It fluctuated around $93.

(minute chart of oil distribution, source: TradingView)

  Iran nuclear deal: Khamenei stresses peaceful use of nuclear power

Crude oil markets tumbled in the early hours of Thursday, largely due to progress in talks over the Iran nuclear deal. Iranian negotiator Ali Bagheri publicly stated on social media that after weeks of tense negotiations, we are closer than ever to a deal, but there will be no deal until all issues are agreed upon.

(Source: Social Media)(Source: Social Media)

Earlier, US State Department spokesman Ned Price also publicly stated that the negotiating parties were “very close to the final stage.” An interim agreement could potentially boost crude supplies by nearly 700,000 barrels per day, according to Platts calculations.

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What is more iconic is that Iran’s Supreme Leader Ali Khamenei also delivered a nationally televised speech on Thursday, revealing his determination to continue promoting the peaceful use of nuclear energy.

Khamenei said Iran will need peaceful nuclear energy sooner or later, if we do not actively pursue it. . . Then the independence of the country will be violated. The diplomatic efforts of our revolutionary brothers to try to get rid of sanctions are well done, but the main task now is to remove them. The aforementioned sanctions refer to the sanctions that the US unilaterally withdrew from the Iran nuclear deal during the Trump administration.

According to a number of media sources citing Western and Iranian sources, the next few days will be a critical juncture in bridging differences in the resumption of negotiations on the Iran nuclear deal. This also means that the high international oil prices may drop rapidly at any time because of such a news.

Of course, the rapid change in oil prices around noon on Thursday clearly means that something has happened in the Udong area.

  Tensions escalate after gunfire in Donetsk

At dawn local time on Thursday, gunshots were heard at the junction of the civilian armed forces in the Donetsk region and the area controlled by the Ukrainian government. The OSCE, which monitors the situation in the region, reported several shelling incidents near the ceasefire line on Thursday, according to media reports citing diplomatic sources. At present, both sides have also publicly accused each other of violating the Minsk Agreement by firing.

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It is worth mentioning that since the ceasefire agreement was reached in 2015, the OSCE has often reported more than a dozen fire incidents in violation of the agreement in one day, so casualties have also occurred frequently.

Since there are still doubts about whether this incident will trigger a continuous escalation of the situation, all parties are still in a state of wait-and-see and war of words. Most representatively, EU officials have confirmed that discussions on sanctions against Russia will not be put on the agenda at the EU leaders’ meeting on Thursday because of the shelling, saying that there is still a “split” of opinions among countries.

EU officials say the trigger for sanctions is a matter of political perception, and we are not in that discussion yet. The EU is watching the Donbas shelling closely, and we know that the incident itself could be used as a test or an excuse.

On the Russian side, according to the latest statement from the Kremlin on Thursday night, the Russian Defense Minister has told Putin that the military exercises close to the Ukrainian border and Crimea are nearing the end, after which the participating troops will return to their stations. The Kremlin also emphasized that the withdrawal of troops is not something that can be done in a day, and hopes that people will not believe the reports of the “Russian invasion time” by the media that spread fake news.

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