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Iran demands ‘realistic response’ from US to Iranian nuclear proposals


Talks continued over the weekend in Vienna aimed at reviving Tehran’s 2015 nuclear deal with world powers.

Iranian state media reported Iranian Foreign Minister Hossein Amirabdollahian’s comments that he

“stressed the need for a realistic U.S. response to Iran’s constructive proposals on various issues for the deal to work”

The talks have been going on for months and months. No breakthrough is expected any time soon. We will see.

The point of keeping track of all of this is that oil traders believe that if a deal is struck, more Iranian oil will eventually return to world markets.

The background is that in 2015 Iran agreed with the United States, Britain, France, Germany, Russia and China to curb Iranian enrichment activities. As part of the agreement, the Joint Comprehensive Plan of Action, sanctions against Iran were lifted. In 2018, US President Trump abandoned the deal and imposed sanctions on Iran. Iran has since replenished its stockpiles of enriched uranium.

European diplomats meet with their Iranian counterparts. The United States is not directly involved in the talks.

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The Euro (EUR) is the official currency of the European Union (EU) and 19 of the 27 member states at the time of writing. It is the second most traded currency in the world on the foreign exchange markets after the US dollar. The euro was initially introduced on January 1, 1999, after replacing the European currency unit. Euro banknotes and physical coins only entered circulation in 2002. Upon adoption, the euro replaced national currencies in participating EU member states. Its rise in value since then and its prominence in the global market have helped cement its status as one of the most important currencies in the forex market today. Along with the USD, the currency pair is easily among the most important for forex, given its exposure to the two major economic blocs. What factors affect the euro? Several factors affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB). The ECB is responsible for regulating monetary policy, the money supply, interest rates and the relative strength of the euro. Euro traders are regularly on the lookout for any ECB decision or announcement for this reason. With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include the Greek debt crisis and Brexit, among others, which can have a serious impact on the Euro. Finally, economic data from the bloc or from key member states such as Germany, France, Spain and others are also closely watched. This includes retail sales, unemployment claims, gross domestic product (GDP) and others.

The Euro (EUR) is the official currency of the European Union (EU) and 19 of the 27 member states at the time of writing. It is the second most traded currency in the world on the foreign exchange markets after the US dollar. The euro was initially introduced on January 1, 1999, after replacing the European currency unit. Euro banknotes and physical coins only entered circulation in 2002. Upon adoption, the euro replaced national currencies in participating EU member states. Its rise in value since then and its prominence in the global market have helped cement its status as one of the most important currencies in the forex market today. Along with the USD, the currency pair is easily among the most important for forex, given its exposure to the two major economic blocs. What factors affect the euro? Several factors affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB). The ECB is responsible for regulating monetary policy, the money supply, interest rates and the relative strength of the euro. Euro traders are regularly on the lookout for any ECB decision or announcement for this reason. With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include the Greek debt crisis and Brexit, among others, which can have a serious impact on the Euro. Finally, economic data from the bloc or from key member states such as Germany, France, Spain and others are also closely watched. This includes retail sales, unemployment claims, gross domestic product (GDP) and others.
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