IRANIAN NUKE TALKS ON VERGE OF COLLAPSE — MARKETS TEETER

Oil is in between spaces now, unsure which way to go. But this recent headline out of Iran is helping bid it higher — now +1.5% for the session.

IRAN’S FOREIGN MINISTER AMIRABDOLLAHIAN EU’S FOREIGN MIN. BORRELL: NEW US DEMANDS IN NUCLEAR TALKS ARE UNREASONABLE AND CONTRADICT THE US’ AIM FOR A QUICK AGREEMENT.

The cancellation of Russian crude is predicated on the notion we can gather supply elsewhere. Without Iranian crude, they will have an increasingly hard time keeping the price of WTI down.

In other news:

PUTIN SAYS ON FERTILIZER MARKETS: THE SITUATION IS GETTING WORSE

Remember, Russia-Belarus-Ukraine are chief suppliers of fertilizer. As such, we are seeing the entire complex move higher from ADM to MOS even down to some Ag science stocks like YTEN, VIVK, RKDA and AGRI.

The NASDAQ is -200 but stable, likely pausing before a total fucking collapse into the close.