U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month - CNBC

Oil Tumbles As Tehran Pushes Draft Peace Framework While Sidestepping Uranium Question Summary Iran only having 'indirect' US contacts while asserting that enriched uranium is 'off the table' for negotiations: state TV says Tehran has a draft of the initial unofficial framework for MOU with US. IRGC keeping up the rhetoric: warns that Iran would "turn the area from Chabahar to Mahshahr into a graveyard for aggressors" if the ceasefire collapses. CENTCOM: "Clearly the Iranians are trying to… — Zero Hedge