US-Iran nuclear deal rumors impact oil prices.

The US and Iran have both denied a report that they were nearing an interim deal under which Tehran would curb its nuclear program in return for sanctions relief. The 2015 nuclear deal between Iran, Britain, China, France, Germany, Russia, and the United States aimed at keeping Iran from developing a nuclear weapon required Tehran to accept restrictions on its nuclear program and more extensive U.N. inspections in exchange for an end to U.N., U.S., and EU sanctions. One possible solution has been an interim deal under which Iran would accept fewer limits on its nuclear program in return for more modest sanctions relief than under the 2015 pact.