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Iran to attend April meeting, but will not commit to production freeze

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As per Bloomberg report, Iran will attend OPEC and non-OPEC meeting to be held in April, but will not commit to production freeze.

    The meeting has been convened to sign production freeze accord and major producers have said that they are ready to talk irrespective of Iran’s participation.

    Meanwhile, markets were not expecting Iran to join production freeze, hence the news is not surprising.
    For more information, read our latest forex news.
     

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