WTI crude gained 2% on Monday morning. European diplomats expressed “serious doubt” that Tehran is genuinely seeking a revival of the 2015 nuclear deal. Softer U.S. dollar supports crude prices. Oil prices pared some losses on Monday, with Brent gaining nearly 2% as a nuclear deal with Iran seemed to fade further away and markets refocused on Europe’s coming ban on Russian oil and tight supply fears. At 11:50 a.m. EST on Monday, Brent crude was trading up $1.90, at $94.74 per barrel, for a 2.05% gain on the day. WTI was trading up $1.69, at $88.48 per barrel, for a 1.95% gain on the day. Iranian nuclear talks appear to be contributing heavily to the rally, with European diplomats expressing “serious doubt” that Tehran is genuinely seeking a revival of the 2015 nuclear deal. Israeli Prime Minister Yair Lapid, currently in Germany, highlighted what he referred to as […]