- The U.S. and Iran are coming near to the deadline for reviving their nuclear deal after receiving a final draft from EU officials this week
- Discussions concerning the deal finished yesterday, after over 15 months of negotiations
- Josep Borrel, in charge of EU policy, stated that "what can be negotiated has been negotiated," and both nations are expected to decide within a few weeks
- The final draft calls on Iran to remove its uranium stockpiles in exchange for U.S. economic concessions
- Russian oil shipped along the Druzhba pipeline toward Hungary, the Czech Republic, and Slovakia was halted, according to Russian pipeline operator Transneft PJSC, because of failed payments of their transit fees brought on by sanctions (Bloomberg)
- Russian crude deliveries were halted by Ukraine's pipeline operator Ukrtransnafta last week, and Transneft is looking into other options to transfer funds
- Around 2.3 MMBbl/d of Russian oil is transported west through a network of ports and pipelines, and that particular section of the pipeline typically transports about 250 MBbl/d., according to Transneft data