Iran's oil minister Zanganeh speaking in Moscow 28 March

On Sunday I reported the review committee's recommendation that the deal be extended by 6 months.

  • need time to evaluate situation, have face to face discussions with others
  • all participants of deal should comply with commitment
  • Iranian oil production stands at 'close' to 3.8 mln bpd

WTI currently $48.04 near session highs as is Brent at $51.01