Oil prices fall sharply after Iran nuclear deal

Oil prices fell sharply today after world powers struck a landmark deal with Iran to curb its nuclear programme in exchange for an easing of international sanctions.

Oil prices fell sharply on Monday after Iran and six world powers sealed a deal curbing its nuclear programme.
Oil prices fell sharply on Monday after Iran and six world powers sealed a deal curbing its nuclear programme. Credit: Reuters

While Iran will not be allowed to increase its oil sales for six months, any easing of Middle East tensions tends to lead to lower crude prices.

Read: Can the Iran nuclear deal become a lasting accord?

Advertisement

Hague plea to Israel over Iran

Israel should avoid taking any action that would undermine the interim nuclear deal between Iran and the international community, the Foreign Secretary William Hague has told MPs.