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Senate set to tighten sanctions against Iran

  • Democratic Senator Bob Menendez, the Chairman of the Senate Foreign Relations Committee, said the panel will look to tighten sanctions on Iran this week.
  • Menendez made his comments yesterday, after talks between the P5+1 world powers and the Persian nation over the latter's nuclear program stalled over the weekend.
  • Menendez's aim is prevent the U.S. from making too many concessions too quickly, with his stance reflecting widespread Congressional skepticism about the deal that was under discussion. Israel has also continued its criticism of the proposals.
  • WTI crude is -0.1% at $94.48, while Brent is +0.2% at $105.27.
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Comments (1)
  • killer K
    , contributor
    Comments (2) | Send Message
     
    Interesting given that we had a doji candle on the weekly chart last week. Also EW count is approaching completion on the downside. A bottom appears to be close at hand
    11 Nov 2013, 06:30 AM Reply Like
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