LAST INFORMATION 14.32
Intense fliers move, for the second day, oil prices, with traders hoping that flows from the Middle East can return to pre-war levels after U.S. President Donald Trump suggested that a peace agreement could be reached to end the war with Iran, while Axios report mentions progress towards an agreement on a road map in the form of a memorandum of understanding.
His contracts Brent They're taking a dive of $11.80, or 10.78%, at $97.94 a barrel.
His contracts West Texas Intermediate They drop $11.83 or 11.56%, retreating to $90.43.
Prices were already dropping since Wednesday morning, but they dived at noon (Greece time) after Axios's publication, according to which the White House estimates that it is approaching an agreement with Iran on a Memorandum of Understanding (Memorandum of Understanding) a page aimed at ending the war and setting a framework for more detailed negotiations on nuclear.
The US expects Iran's responses to several key points within the next 48 hours, notes the American media.
Nothing has been agreed yet, but sources said the places are now closer to an agreement than at any other time since the start of the war.
Among other things, the agreement will include the Iran's commitment to a moratorium on uranium enrichment, US agreement to lift sanctions and release billions of frozen Iranian funds, and lifting of restrictions from both sides as regards transit through Strait of Hormuz.
After all, Tuesday, Trump announced he would temporarily suspend the ship escort operation in the Strait of Hormuz, the so-called "Freedom PlanBy citing the progress made towards an overall agreement with Iran, but without giving details of the agreement. There was no immediate reaction from Tehran.
In particular, speaking of 'great progress'", although negotiations are not being negotiated directly, Trump announced yesterday Tuesday that it is being suspended, for a "short" time, the "Freedom Plan"to have the time limit to show "if an agreement can be finalised and signed" with Iran.
In view of "the huge military success we have made" and "the great progress made towards full and final agreement with representatives of Iran", the Republican decided that "the Freedom Plan (...) will be suspended for a short period of time to see whether or not the agreement can be finalised and signed", reported through the Truth Social platform.
Brent has risen about 50% since the start of the conflict in late February. The flows through Hormuz are now restricted by a double blockade, as Tehran poses obstacles to free transit, while the US prevents ships from approaching Iranian ports.
Earlier, the US Secretary of State Marco Rubio told reporters at the White House that "the Epic Fury operation has been completed", 66 days after the US and Israel began bombing Iran. "We have achieved the objectives of this operation," he said.
For his part, Trump made it clear that exclusion of Iranian ports - which has been imposed since 13 April - is not lifted.
