Iran postpones talks due to threats
Iran has postponed the next round of talks by a week, citing funeral processions as the reason.
The postponement comes amid concerns over threats, with Iran stating that negotiations on a final deal will not commence if threats continue.
The current calm in the market relies on depleting inventories, which is not sustainable in the long-run.
Traders and investors remain cautious, especially with regards to the Strait of Hormuz and the oil market.