SKy News Arabia: Negotiations in Tehran have reached an agreement on nuclear issue
Sky News Arabia is reporting:
- Negotiations in Tehran have reached an understanding on broad outlines regarding the nuclear issue.
- Delivery of Uranium would be linked to lifting the sanctions and would be gradual.
- Focused on an understanding regarding the Strait of Hormuz which is still in negotiations.
- Iran still wants American guarantees for any agreement reached.
Crude oil has reached a new low at $94.73. The current price is at $95.84. That is the lowest level since May 8th. Price is down but the oil needs to flow to rebuild stockpiles and get prices lower.
Stocks remain higher but off the highs as well.
- Dow is up $482 or 0.95% at 50769
- S&P is up 50.27 points or 0.68% at 7497
- Nasdaq is up 158 points or 0.61% at 26454
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