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Due to uncertainty about the outlook of negotiations, crude oil futures prices are rising.
BlockBeats News, April 21 — Due to market uncertainty about whether Iran will send a delegation to Pakistan for talks with the United States, crude oil futures prices rose accordingly.
Phil Flynn of S&P Global Platts stated in a report that the contradictory signals sent out by Iran are not “casual diplomatic showmanship,” but rather indicate that pragmatic factions within Iran are trying to ease tensions amid disagreements with hardliners. For the oil market, this means prices will become more volatile. (Jin10)