Following statements by Fed Chairman Jerome Powell, who signaled his intention to continue gradually tightening monetary policy, global markets are awaiting U.S. President Donald Trump's announcement regarding a possible withdrawal from the Iran nuclear proliferation agreement. It should be noted that this agreement was signed on July 15, 2015, allowing Iran's oil production to rebound from 1 mbpd to its current level of 3.8 mbpd. A potential U.S. withdrawal from the agreement would reinstate sanctions against the Middle Eastern country, limiting its production and allowing for further increases in crude oil prices.
See more


