Rubio Plays Down Imminent U.S.-Iran Deal

AI Summary

U.S. Secretary of State Marco Rubio indicated that if a favorable deal with Iran isn’t reached soon, the U.S. will pursue other options. This statement cooled optimism as Brent crude oil prices fell below $100 a barrel, though losses were partially contained during European trade.

The U.S. will deal with Iran “another way” if it does not reach a good deal with the Islamic Republic, U.S. Secretary of State Marco Rubio said on Monday, playing down hopes that an agreement is imminent. Following signals from Washington during the weekend that the U.S. and Iran could be nearing a framework agreement, oil prices plunged on Monday in Asian trade, with Brent Crude prices slipping below the $100 per barrel mark. However, losses were being contained at about 3-4% in the morning in Europe as the market hopes for a deal…