FRENCH PM LECORNU: IRAN CONFLICT BOUND TO LAST

A senior Iranian official denied reports that Supreme Leader Mojtaba Khamenei issued a new order requiring enriched uranium to remain inside Iran, calling the claims “propaganda by the enemies of the deal.” The official said “no new order has been issued” and reiterated that Tehran’s position remains unchanged, with Iran intending to downblend the material itself. The official added that the issue would be discussed in the next stage of talks.

IEA CHIEF FATIH BIROL: OIL MARKETS COULD ENTER "RED ZONE" IN JULY-AUGUST AS STOCKS DEPLETE AND SUMMER DEMAND FIRMS