Daily LNG price update (waiting for Iran)

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Brent oil settled at $58.19 overnight as premature Greek celebrations lifted prices from an earlier slump. We’re still waiting for an Iran deal though it appears the Persian President couldn’t wait:

A tweet from Iran President Hassan Rouhani’s official account has been deleted just moments after he indicated a deal on the Islamic republic’s nuclear program had been reached.

“#IranDeal is the victory of diplomacy & mutual respect over the outdated paradigm of exclusion & coercion. And this is a good beginning,” the message said on Monday.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.