Framework agreement reached on

The framework agreement reached on Iran. Oil falls in price

On Thursday, Iran and 6
major world powers concluded
a framework agreement on curbing
nuclear program, at least in
for ten years. This is a major step towards
the final contract, which has
every chance to end a 12-year period
brinkmanship, threats and
confrontation.

"Black gold"
immediately responded to
News: immediately after the news
Brent talks about the end of
It fell to $ 54.10,
and WTI - up
$ 48.22. True,
by Friday morning on a further weakening
dollar oil almost regained their
losses. At the time of 8.22 MSK Brent
The dollar traded at 55.13
per barrel (May futures), WTI
- for $ 49.53.

Pre
agreement was reached in Switzerland
Lausanne after an eight-day marathon
negotiations. The main impact of this
developments in the markets - a potential withdrawal
economic sanctions against
Iran, which ranks fourth
the world's oil reserves. Consequently,
in the long term offer
oil will increase dramatically in the markets. True,
Diplomats close to conclusion
negotiations, noted that the agreement
very fragile and do not exclude that until 30
June deal could fall apart.

Under the terms of the framework
agreement, Iran will have to stop
its production of enriched uranium, dismantle
plutonium reactor and provide
maximum transparency of its nuclear
for international observers program.
Barack Obama has promised that "control
It will be unprecedented. "

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