WTI eases-off 2.5-year highs after Iran says outline agreed with US to lift energy sanctions

WTI briefly paused its ongoing uptrend and pulled back slightly from two-and-half-year highs of $72.69 after Iran announced that it has reached a broad agreement with the US over the lifting of the energy sanctions.

Saeed Khatibzadeh, a spokesman for Iran’s Foreign Ministry, said: “Some minute technical, political, legal and practical issues remain.”

“No task was impossible for negotiators” and there’s no impasse, he added.

more to come ...