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The U.S. Energy Information Administration reported that U.S. gasoline demand rose 1.0% year-on-year in March to 8.853 million barrels per day (compared to a 1.1% decline in February).The U.S. Energy Information Administration reported that U.S. distillate fuel demand rose 0.3% year-on-year in March to 3.904 million barrels per day (compared to a 5.4% increase in February).On May 29th, according to Iranian media Fars News, sources refuted Trumps latest claims about a possible agreement with Iran, stating that his remarks were "half true, half false" and aimed at fabricating a false victory. Almost everyone now sees that Trumps claims are completely unfounded. According to reports, the agreement text, drafted as a "reciprocal commitment," is currently in the final stages of Irans domestic ratification process and no final decision has been made. In stark contrast, Trump has raised issues that contradict the terms of the agreement text. At the same time, he claims he will immediately lift the blockade. Trumps distortions of the core content of the agreement include: 1. Trump claims that Iran is obligated to open the Strait of Hormuz without receiving any fees; however, such a clause does not exist in the agreement text. 2. Trump claims that Iran will dismantle or destroy its nuclear materials. Sources emphasize that not only is there no such content in the memorandum of understanding, but Trumps claim is also utter nonsense. Key terms of the agreement that Trump deliberately avoided mentioning: 1. A crucial point that Trump didnt mention at all: the precondition for immediately unfreezing and paying Iran $12 billion in frozen assets. 2. A ceasefire in Lebanon. 3. Iranian officials also emphasized that the final agreement will be based on the principles and "red lines" of the Islamic Republic of Iran.Russian President Vladimir Putin: Let them hand over the drone wreckage to Russia; we will provide our assessment.According to Irans Fars News Agency, Iranian sources have denied the latest comments made by US President Trump.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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