Crude oil prices rebounded from yesterday's losses on Thursday, with West Texas Intermediate (WTI) jumping by more than 3% as hopes for the United States and Iran reaching a peace deal started to fade, following the latest reports claiming that Iranian Supreme Leader Ayatollah Mojtaba Khamenei issued a directive ordering Iran's uranium to stay in the country.
The Iranian leader's order contradicted Israeli officials, who claimed that Iran's highly enriched uranium inventories will be transferred out of Iran in order to reach any peace deal, according to Reuters. Meanwhile, Iran is reportedly restoring its military capacity at a faster pace than expected, stoking fears of the military conflict restarting in the Middle East.
WTI for deliveries in July surged by 3.01% to go for $101.22 per barrel at 6:53 am ET. Meanwhile, Brent for the same month's settlements climbed by 2.42% and went for $107.69 per barrel at 6:53 am ET.
https://breakingthenews.net/Article/Oil-up-3-as-Khamenei-orders-uranium-to-stay-in-Iran/66338354
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