New US sanctions target Iran oil tankers

There was some real optimism about Iran nuclear talks coming out of the weekend but now we are getting fresh US sanctions. The US also changed the venue of negotiations and Iran’s foreign minister is calling that a ‘professional error’, saying that “such a move could be interpreted as a lack of seriousness and good faith”.

WTI crude is up nearly $1 today.

This article was written by Adam Button at www.forexlive.com.