Iran spoils the party

[dan_s]

Didn't the market already know this would happen?

TEHRAN (Reuters) - Russian Energy Minister Alexander Novak said on Monday after a meeting with his Iranian counterpart Bijan Zanganeh that Iran is still insisting on a recovery in its oil output before any possible production freeze.

Novak also said a meeting between OPEC and independent oil producers with an aim to finalize a tentative agreement on an output freeze to prop up crude oil prices is likely to take place in April, possibly in Doha.

[bearcatbob]

It is all a negotiation. Iran has shown themselves to great negotiators. Heck - Kerry is still looking for his pants.