The oil prices fall after Trump increases the hopes for a US Iran atomic agreement

Oil prices decreased sharply on Thursday when the expectations that the United States and Iran could soon achieve a contract for the nuclear program in Tehran.

International benchmark Brent Raw futures with a July process were last traded with a run of 3.6% at $ 63.67 per barrel, while we were Westtexas intermediate The futures was $ 60.64 and decreased by 4% for the session.

US President Donald Trump, who in Doha, Qatar, said during his trip to the Middle East, said that the United States was shortly before the nuclear agreement was secured with Iran.

“We have very serious negotiations with Iran about long -term peace,” said Trump.

His comments come shortly after a top consultant by the Supreme of the Head of Iran NBC News has announced that the Opec producer was willing to sign a nuclear agreement with certain conditions in exchange for the cancellation of economic sanctions.

The view of a US Iran atomic agreement is expected to have profound effects on the oil markets.

“The development of a possible nuclear agreement overnight is the only reason for the weakness of the morning [million barrels per day]”Tamas Varga, analyst at brokerage PVM, said CNBC via e -mail.

“It sounds negative, but its effects may be reduced by Opec+ when he rolls the plan back to bring barrels to the market faster than originally planned,” he added.

Opec and non-OPEC partners, an influential energy alliance that is known as an Opec+, has surprised the markets in recent months by increasing the offer.

Under the direction of Saudi Arabia, the group agreed to increase the performance in June by another 411,000 barrels per day. The move came one month after the agreement of Opec+to increase production in May to increase the same amount.

The Iranian economy has deteriorated dramatically since Trump in 2018 that the United States has withdrawn from the Iranian nuclear agreement, formally the common action plan. The agreement was placed in 2015 together with Russia, China, the EU and Great Britain under the Obama government in order to contain and strictly monitor the nuclear activities of Iran against the relief of sanction.

The Islamic Republic was confronted with protests, considerably weakened currency and a lifestyle crisis several years ago. Last year she was hit with the hammer strike to lose her main injuries in the Middle East when the Assad regime collapsed in Syria. Tehran's arch enemy Israel now killed most of the leading leadership of the Hisbollah, the Iran deputy in Lebanon.

The highest leader of Iran, Ayatollah Ali Khamenei, was previously decisive against negotiations with the United States, but according to high -ranking Iranian government officials have reportedly opened a coordinated effort to change his opinion, and made the decision as critical of the survival of the regime.