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Commodities

US Rejects Iran Nuclear Deal, Sending Oil Prices Soaring

Guavy AI Editorial Team
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Oil
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Oil prices rose on Wednesday as reports emerged that the US would reject a recent Iran nuclear deal, sparking concerns about global supply disruptions.

The development comes after a series of talks between the US and Iran, which resulted in a tentative agreement to revive the 2015 Joint Comprehensive Plan of Action (JCPOA).

However, according to sources, the US is now poised to reject this deal, citing concerns over Iran's nuclear program and regional activities.

This news has sent shockwaves through the oil market, with prices surging on the prospect of reduced Iranian exports.

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