Technical Analysis

Iran’s Zanganeh says country’s oil is irreplaceable over mid-long term

Comments by Iran’s oil minister following the OPEC+ meeting over the weekend

  • OPEC+ meeting yielded no positive result for Trump’s demands
  • US’ dream to cut Iranian oil exports to zero would not come to reality


There wasn’t much mention on this from the comments by other officials as the outcome of the meeting focused on the fact that OPEC+ will not be pledging to increase output for the time being and that has seen oil prices surge at the start of the week. Brent is now above $80 per barrel while WTI is up by 1.7% on the day hovering just above $72 per barrel:

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