Nuclear deal with Iran doesn't loosen oil sanctions, but prices may fall on easing tensions.
Seventh straight week of gains and nuclear deal between world powers and Iran boosted sentiment in world stocks.
Wall Street posted 7th week of gains and a nuke deal between world powers and Iran boosted sentiment.
Benchmark crude for September delivery was down 35 cents on hopes for lessened tensions.
Oil prices fell Monday as the dollar strengthened against the yen and other major currencies.
Despite strong opposition from the US and warnings of economic sanctions
GABD, Iran (AP) — The leaders of Pakistan and Iran pushed ahead with a pipeline to bring natural gas from Iran despite American opposition, and the Iranian president declared the West has no right to block the project.
An Iranian semi-official news agency reports the plan in an effort to decrease international pressure on its oil industry.
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