U.S. officials have denied Iranian state media reports that Washington agreed to lift oil sanctions during ongoing negotiations, clarifying that no such deal has been reached. The false report briefly buoyed crude markets on speculation of increased supply, but prices quickly retreated as the U.S. rebuttal reinforced expectations of continued supply constraints. The persistence of sanctions maintains downward pressure on Iranian oil export capacity, supporting global crude benchmarks and benefiting non-Iranian producers with market share exposure. Geopolitical risk premia in Middle East-focused energy assets remain elevated due to the fragile negotiation backdrop. Traders will watch the next International Atomic Energy Agency (IAEA) report on Iran’s nuclear activities for signals on potential sanctions relief or escalation.
U.S. Denies Iran Media Claim on Lifting Oil Sanctions
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