May 21 AM: Oil prices jump more than 2% after Iran supreme leader says uranium must remain in country

  • Two senior Iranian sources told Reuters that Ayatollah Mojtaba Khamenei issued a directive that the enriched uranium must remain in the Islamic Republic.
  • Oil prices traded higher in the wake of the report as it is viewed as complicating ongoing peace talks between Washington and Tehran.

Oil prices jumped Thursday on a report that Iran’s supreme leader will not allow the country’s enriched uranium to be shipped abroad, a position that will likely complicate peace talks with the U.S.

U.S. crude oil rose 2.4% to $100.57 per barrel by 8:34 a.m. ET. International benchmark Brent crude prices advanced nearly 2% to $107.05 per barrel.

Two senior Iranian sources told Reuters that Ayatollah Mojtaba Khamenei issued a directive that the enriched uranium must remain in the Islamic Republic.

President Donald Trump said earlier this week that he called off imminent U.S. airstrikes on Iran to give diplomact more time at the request of U.S. Gulf Arab allies.

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