OPEC+ may be inclined to cut oil production if production in Iran resumes - OPEC+ sources

Brent is up 3% and close to $100 a barrel. The Iran deal is still not "a matter of time. But many OPEC members are determined to cut production in order to keep prices high.

There are risks that the association will work hard to keep prices above $100 even if an Iran deal is not struck.

What are the risks? Global inflation will continue to accelerate because of rising energy prices, and central bank efforts will be futile. But Russian oil will also become more expensive, reducing the impact of the discount on the profits of Russian producers.