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Geopolitics over supply: Why Iran-US talks now drive global oil prices

Tehran Times United States
Geopolitics over supply: Why Iran-US talks now drive global oil prices
TEHRAN- The recent analysis by the international oil and energy market experts highlights that global crude prices have become dangerously dependent on the outcome of diplomatic talks between Iran and the United States. According to the analysts, the traditional market drivers of supply and demand have taken a backseat to geopolitical forces, with the Iran-US negotiation table now representing the single most sensitive variable for oil markets.
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