The world powers' interim nuclear accord with Iran coupled with US President Barack Obama's call for political reform in Gulf Arab countries has rattled Washington's traditional allies in the region.
Fearing change at
Oil prices fell more than 3 per cent on Thursday as officials from the big global powers stayed locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets.
Oil prices fell on Thursday as attention returned to nuclear talks with Iran, with the prospects for a deal and an increase in Iranian crude exports helping to keep pressure on prices.
Major powers and Iran have stretched talks on
Six world powers and Iran missed a Tuesday deadline to reach an outline accord reining in Tehran's nuclear programme, extending talks into an extra day as they edged toward a deal but failed to agree crucial details such as the lifting of U.
With a deadline hours away, Iran and six world powers ramped up the pace on Tuesday in negotiations over a preliminary deal on Tehran's nuclear programme, while officials cautioned that any agreement would likely be fragile and incomplete.
Oil tumbled 5 per cent on Friday as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.
Iran and six powers failed for a second time this year on Monday to resolve their 12-year dispute over Tehran's nuclear ambitions and gave themselves seven more months to overcome the deadlock that has prevented them from clinching an histor
Iran and six world powers looked set to miss Monday's deadline for resolving a 12-year stand-off over Tehran's nuclear ambitions and are already looking at a possible extension of the negotiations.
The talks in Vienna aim
Iran's talks with six global powers on a long-term deal to curb its nuclear programme in exchange for an end to sanctions could be extended for another six months if no deal is reached by a July 20 deadline, a senior Iranian official said on
Gulf states must have a seat at nuclear talks between world powers and neighbouring Iran because of their own stake in regional stability, Qatar's foreign minister said on Saturday.
Gulf capitals cautiously welcomed an interim