Iran Nuclear Talks and Market Reactions: Uranium Reports Stir Oil Prices

Conflicting reports on Iran's uranium enrichment policies have introduced volatility into global energy markets. Initial claims suggested Tehran would retain near-weapons-grade uranium domestically—a move that could derail nuclear negotiations with Washington. Brent crude surged to $108.53 and WTI breached $101 as traders priced in geopolitical risk premiums.

A senior Iranian official later dismissed the uranium stockpile claims as "enemy propaganda," emphasizing continued downblending activities. The stalemate centers on Washington's demand for uranium exports versus Tehran's insistence on security guarantees and Strait of Hormuz sovereignty recognition.

Meanwhile, India's central bank contemplates defensive measures for the rupee, including rate hikes and dollar liquidity operations. Emerging market currencies face mounting pressure amid the geopolitical uncertainty.