Brent prices fluctuate as Iran seeks release of half its $24bn frozen assets in nuclear talks, delaying deal clarity.
Brent crude prices reversed half of Monday’s losses before slipping again as optimism over a US-Iran nuclear deal waned. Shifting expectations around the agreement and supply risks drove volatility, leaving prices below Friday’s close by several dollars.
Iran’s Tasnim news agency reported Tehran demands half of its $24bn in frozen assets be released upon deal finalization. Talks continued during Iran’s chief negotiator Ghalibaf’s visit to Qatar, despite recent US strikes. US Secretary of State Marco Rubio indicated days of negotiations remain, stressing the Strait of Hormuz must stay open without tolls.
Uncertainty persisted as the US Navy assisted vessels through the strait, though Central Command denied restarting escorts. Global sentiment held steady, but Brent pared gains, rising 3.58% amid lingering deal doubts.