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Iranian election throws oil, nuclear deal into abyss
Biden in ‘denial’ for believing Iran will become responsible: Keane
Fox News senior strategic analyst General Jack Keane discusses the U.S. relationship with Iran and censorship in China.
The election of hardliner Ebrahim Raisi to the office of Iranian President likely means two things: President Biden's dream of re-entering the Iranian nuclear accord looks less likely and oil prices will continue to climb.
Iranian oil, currently under sanctions by the U.S. and other global powers, is less likely to return to the market freely anytime soon which is going to raise global prices and hit us all in the wallet.
OIL CAN HIT $100 PER BARREL: BOFA
UNITED STATES OIL FUND L.P.
Already West Texas Intermediate crude topped $73 per barrel, while Brent, the global benchmark sits at $75.
UNITED STS BRENT OIL FD LP UNIT
On the nuclear front, the European Union (EU), Russia, China and Germany all rushed to try to get a deal done ahead of the Iranian election but failed. They knew they had a deadline as Raisi was handpicked by Ayatollah Khamenei to win.