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Added on the 26/09/2016 16:00:53 - Copyright : Reuters EN
Oil prices drop, pushing commodity-linked shares and currencies lower, after Iran and six world powers reach a historic nuclear deal expected to increase supply of Iranian crude on world markets. Hayley Platt reports
Oil prices have tumbled as Iran and six world powers close in on a final nuclear deal which will end sanctions on the Islamic Republic and let more Iranian oil on to world markets. But as Hayley Platt reports some say a deal won't have an immediate impact.
Iran and six world powers work to break an impasse in negotiations in Switzerland for a deal to curb Iran's nuclear programme in exchange for easing sanctions against Tehran. David Pollard reports.
The United States demands that Iran immediately release a ship seized off Oman's coast in avowed retaliation for US actions. "The Iranian government must immediately release the ship and its crew. This unlawful seizure of a commercial vessel is just the latest behavior by Iran or enabled by Iran aimed at disrupting international commerce," State Department spokesman Vedant Patel tells reporters. SOUNDBITE
The White House denies that the unfreezing of $6 billion of Iranian funds to help secure the release of five US citizens was effectively a ransom payment. "This is not a payment of any kind. It's not ransom," says White House national security spokesman John Kirby, pushing back against criticism of the deal. SOUNDBITE