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Oil Extends Gains After Indirect US-Iran Nuclear Talks Fail In Qatar

• https://www.zerohedge.com, by Tyler Durden

"Indirect talks between the United States and Iran to revive a 2015 nuclear agreement have ended in Qatar without a result, Iran's semi-official Tasnim news agency reported on Wednesday," Reuters reports.

Underscoring the importance of the Qatar-hosted talks as a restored nuclear deal still hangs from a thread, and is looking more unlikely than ever at this point, EU foreign policy chief Josep Borrell traveled to Doha to help mediate, after days prior meeting with Iranian officials in Tehran.

Crude prices rose steadily throughout the morning, after edging higher since the start of the week and the G7 summit's pledge of 'tougher' action against Russia and Vladimir Putin, also as they continue mulling plans for imposing a price cap on Russian energy as part of exploring ways to ensure the Kremlin's war machine doesn't benefit from soaring energy prices.


www.universityofreason.com/a/29887/KWADzukm