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MARKET WATCH: Crude oil benchmarks gain after US demands on Iran
Oil & Gas Journal: Brent crude oil prices approached $80/bbl during the May 22 trading session in London a day after US Sec. of State Mike Pompeo outlined demands on May 21 that Iran must meet before US officials would agree to enter a new nuclear agreement with Iran.
US President Donald Trump has threatened “the strongest sanctions in history” unless Iran complies with US demands. Previously Trump withdrew US participation in a 2015 international agreement to curb Iran’s nuclear program.
The European Union remains supportive of the international alliance and is encouraging Iran to abide by the 2015 agreement.
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