Whatever deals are being bandied about there's one that that's certain, and that's some countries are not going to stop pumping

Reuters citing Shana says that Iran wants to export 2.3mbpd in the coming fiscal year. From what I can gather from previous news, they were going to be raising their 1.1m exports by around 500-600kbpd so this news raises that further

Unsurprisingly Brent is down on the days lows at 32.80