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Iran's Ghalibaf: Progress can only be achieved once the seven conditions have been agreed upon

Iran this week has repeated its 'seven conditions' several times and most of it was part of the agreement with the US from June 17. Here is a recap: 1. End military operations on all fronts. A permanent halt to attacks against Iran and allied groups, including in Lebanon, Yemen, Iraq and the Palestinian territories. 2. Release frozen Iranian assets. Unfreeze Iranian money held overseas, with…

CommodityOilPrice.com

Europe to Release 42 Million Barrels of Oil

Europe will release 42 million barrels of emergency oil stocks over the next three months, half of it diesel, as governments try to bring down fuel prices before winter, French Economy Minister Roland Lescure said Thursday. France's share includes 10 million barrels of diesel, which Lescure said will begin reaching the market in the coming days. The fuel will be supplied at cost, with Lescure…

CommodityOilPrice.com

Mexico’s Richest Man Sells $1.15 Billion in Oil Stocks

Carlos Slim has sold more than $1.15 billion of U.S. oil stocks this year as the Iran war sends crude prices and energy shares higher. The Mexican billionaire has cut his stakes in PBF Energy and Talos Energy roughly in half, yet the shares he still owns are worth about $1.4 billion—roughly what his holdings were worth in January. Much of his estimated $124 billion fortune is tied to…

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