Cheers on the streets of Tehran after a nuclear framework deal between Iran and six world powers. But there were likely no cheers amongst countries that depend on oil to generate revenue as the price of oil immedietly began to fall in response to the nuclear framework deal. After the framework deal was sign on Thursday evening, crude oil fell around a percentage point to trade around 48 - 50 dollars per barrel. If a permanent deal is reached in June, oil sanctions on Iran could be lifted which could push the price of oil down further, seriously affecting countries like Russia that depend on a strong price of oil. Check out our website: http://uatoday.tv Facebook: http://on.fb.me/1LJtdcR Twitter: http://bit.ly/1N1RZ3m
Iran Nuclear Deal Hits Oil Price: Oil price falls after framework deal reached
Cheers on the streets of Tehran after a nuclear framework deal between Iran and six world powers. But there were likely no cheers amongst countries that depend on oil to generate revenue as the price of oil immedietly began to fall in response to the nuclear framework deal. After the framework deal was sign on Thursday evening, crude oil fell around a percentage point to trade around 48 - 50 dollars per barrel. If a permanent deal is reached in June, oil sanctions on Iran could be lifted which could push the price of oil down further, seriously affecting countries like Russia that depend on a strong price of oil. Check out our website: http://uatoday.tv Facebook: http://on.fb.me/1LJtdcR Twitter: http://bit.ly/1N1RZ3m
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