Posted on June 7, 2022 In the commodity market, oil continues to rise due to increased demand as China eases restrictions against Covid-19. For its part, the US is weighing the possibility of reducing sanctions on Iran to allow more oil to flow to the market, offsetting the drop in Russian supply. Ukraine is in talks with the UN over potential methods of exporting grain through ports blocked by the Russian military, as President Zelenskiy is skeptical of an agreement reached between Russia and Turkey to revive shipments. In the foreign exchange market during the trading session on Monday, the price of the EUR/USD pair moved in a range of 1.0684-1.0752, to end up closing the session in European time at levels of 1.0696. The interest rate on the 10-year US bond rose sharply to 3.04% at closing. The euro appreciated considerably against the Japanese yen, to 141.06, breaking above the psychological level of 141. Meanwhile, the community currency appreciated against the Swiss franc to levels of 1.0385. In the United Kingdom, Prime Minister Boris Johnson was subjected to a confidence vote by members of his own party due to the scandal of the parties held during the confinement of the pandemic. This confidence vote was finally resolved in his favor, which slightly affected the evolution of the pound, causing the euro to depreciate against the British currency to levels of 0.8535. INFORMATIONTitleUSA considers limiting sanctions on Iranian oil DescriptionFor its part, the US is weighing the possibility of reducing sanctions on Iran to allow more oil to flow to the market, offsetting the drop in Russian supply. Author GLOBALCAJA
US considers limiting sanctions on Iranian oil
