Commodities roundup: Brent falls on Iran accord

FXstreet.com (London) – Brent crude is heading for its biggest fall in three weeks following agreements over Iran.

Brent contracts had been subdued at the start of the month by US Secretary of State John Kerry playing down the chances of an accord over Iran’s nuclear weapons programme.

The deal was reached yesterday, offering Iran USD7 billion in relief from sanctions in exchange for curbs on its nuclear programme.

The news of the agreement helped push down Brent contracts, but it could pave the way for further easing of sanctions which still include banking and financial measures that hinder crude exports.

Bent contracts for …read more