Oil Prices Remain Rangebound as Geopolitical Catalysts Loom ...Middle East

While oil markets have calmed somewhat at the start of this week after a period of intense volatility, developments in either Ukraine or Iran might soon spark another significant move. Rome will host the fifth round of US-Iran talks this upcoming weekend, whilst the Trump administration is ratcheting up sanctions pressure on Iranian shipping companies and Chinese buyers of Iranian oil, having OFAC-listed two Chinese refiners last month.- Iran’s leader, Ayatollah Ali Khamenei, questioned the viability of a deal with the United States, saying…

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