Oil Slides On UN Report Stating Iran Agrees To Halt Near Bomb-Grade Uranium Production

Oil prices are falling Tuesday on the headline that Iran has agreed to cease producing uranium which is enriched at near nuclear bomb grade levels.

Israeli and Western officials have long been worried that the more than year-long Gaza war, alongside the recent-tit-for-tat missile exchanges between Tehran and Tel Aviv, have accelerated the Islamic Republic's push to achieve a nuke.