- U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif had a private discussion over Iran's nuclear program yesterday at the U.N. in New York in what was the highest-level official meeting between the countries since before the Islamic Revolution in 1979.
- Kerry said the talks, which came after wider negotiations between Iran and major international powers, were "constructive." However, he warned that much work was needed to be done, with the U.S. wanting clear proof that Iran was not developing nuclear weapons before sanctions would be eased.
- Despite the caution, the improved relations helped send oil 0.5% lower to $102.49.
- ETFs: JJE, RJN, DBE, UBN, RGRE, OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI, BNO, UOIL, DOIL.
Kerry holds one-on-one talks with Iranian foreign minister
Sep 27 2013, 03:53 ET