Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Gain Ground Amid Signs Of Problems In U.S. – Iran Talks

WTI oil rebounds as traders focus on potential setbacks in U.S. – Iran negotiations.

U.S. Secretary of State Marco Rubio said that tolls in the Strait of Hormuz were unacceptable. He added that it did not matter how tolls would be called. According to Rubio, Iran charging tolls in the Strait of Hormuz would never be an acceptable condition of any deal.

In turn, Iran’s Parliament speaker Ghalibaf rejected Trump’s claim that unfrozen funds would be used to buy U.S. goods. He added that the only crop Iran was harvesting is what the U.S. had planted. According to Ghalibaf, this crop is “decades of mistrust”.

Recent comments suggest that both sides are trying to make a better deal for themselves. There’s also one point that is missing in recent comments on U.S. – Iran negotiations: Iran’s nuclear program, which was the key reason for the military operation against the country.

The market starts to realize that it is unrealistic to expect that the deal would be signed in the upcoming days. In this light, it’s not surprising to see that some traders are ready to buy the dip.