'Iran And U.S. Near Interim Deal On Nuclear Enrichment And Oil Exports' - Middle East Eye
Portfolio Pulse from Happy Mohamed
Iran and the United States are nearing a temporary deal that would swap some sanctions relief for reducing Iranian uranium enrichment activities. Under the terms of the deal, Iran would cease its 60% uranium enrichment activities and cooperate with the IAEA, while being allowed to export up to a million barrels of oil per day and gain access to its frozen funds abroad.
June 08, 2023 | 3:52 pm
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NEUTRAL IMPACT
A temporary Iran-US deal on nuclear enrichment and oil exports could potentially impact the global oil market and indirectly affect the S&P 500.
The temporary deal between Iran and the US could lead to an increase in Iranian oil exports, which may affect global oil prices. This could indirectly impact the S&P 500, as energy companies are part of the index. However, the overall impact on the index is likely to be limited, as the deal is temporary and its approval is still uncertain.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
A temporary Iran-US deal on nuclear enrichment and oil exports could lead to an increase in Iranian oil exports, potentially affecting global oil prices and the United States Oil Fund (USO).
The temporary deal between Iran and the US could lead to an increase in Iranian oil exports, which may affect global oil prices. Lower oil prices could negatively impact the United States Oil Fund (USO), as it tracks the performance of oil prices. However, the overall impact on USO is uncertain, as the deal is temporary and its approval is still uncertain.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 75