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Analyst View: Oil markets weigh fallout as U.S. quits Iran deal

Reuters 

(Reuters) - President Donald Trump has pulled the United States out of an international nuclear deal with Iran, raising the risk of further conflict in the Middle East and threatening to disrupt global oil supplies. The 2015 agreement, worked out by the United States, five other world powers and Iran, lifted sanctions on Tehran in exchange for limits to its nuclear programme. The pact was aimed at preventing the OPEC member from developing a nuclear bomb.Oil prices have jumped to their highest since 2014 following Tuesday's announcement.The following are views on the likely impact on oil ...

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First Published: Thu, May 10 2018. 13:51 IST
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