Analyst: The setback at the start of US-Iran nuclear talks is not a good sign

Golden Ten Data June 19: Investinglive analyst Eamonn Sheridan stated that market data indicates both oil and the US dollar moved in response to the cancellation of Vance’s trip, with the direction of these changes revealing prior market expectations. Early disruptions caused by Israel have already led markets to reassess the process. The 60-day countdown for nuclear negotiations outlined in the memorandum of understanding has begun, but the first meeting has yet to be scheduled, which is not a reassuring scenario for a process that cannot accommodate procedural delays. If the Geneva talks do not take place promptly, the risk premium that flowed out of crude oil after the reopening of the Strait of Hormuz may need to be partially rebuilt.