(Bloomberg) --
Here is a snapshot of what's happening with Iran, its nuclear talks and energy markets.
Latest developments
The US and Iran have just weeks to decide whether they want to revive their 2015 nuclear deal, after European Union diplomats presented parties with a final draft accord that could deliver a major expansion of Iranian oil exports to global markets.
Negotiators wrapped up more than 15 months of talks in Vienna on Monday with a blueprint that requires the sign-off of US President Joe Biden and his Iranian counterpart Ebrahim Raisi, two European Union diplomats familiar with the process said.
The original nuclear deal collapsed after then-US President Donald Trump withdrew in 2018 and reimposed sanctions on the Iranian economy, prompting Tehran to ramp up its enrichment of uranium.
Latest coverage
- US, Iran Face Deadline as Nuclear Talks End Without a Deal
- Iran and US to Resume Talks in New Bid to Save Nuclear Deal
- US Sanctions Companies It Says Help to Transport Iranian Oil
- Iran Starts Gas Injection Into Hundreds of Centrifuges: State TV
Oil
Oil climbed the most in over a week during a volatile summer session as investors continue to weigh US-Iran nuclear deal talks and the potential hit to demand from an economic slowdown.
West Texas Intermediate futures topped $90 a barrel. Uncertainty around Iranian supply aided crude's drift higher in a market where sanctions on Russian energy have exacerbated shortages.
The US Energy Information Administration is set to issue its short-term outlook Tuesday, followed by monthly snapshots from producer group OPEC and the International Energy Agency Thursday.
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