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Due to uncertainty about the outlook of negotiations, crude oil futures prices are rising.
Golden Finance reports that on April 21, due to market uncertainty about whether Iran will send a delegation to Pakistan for talks with the United States, crude oil futures prices rose accordingly. Phil Flynn of S&P Global Platts in a report stated that the contradictory signals from Iran are not “casual diplomatic showmanship,” but rather indicate that pragmatic factions within Iran are attempting to ease tensions and bridge the divide with hardliners. For the oil market, this means prices will become more volatile.