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Benjamin Netanyahu to address Iran nuclear deal, sending oil higher


Israel’s Prime Minister Benjamin Netanyahu will detail what his office called a “significant development” regarding the Iran nuclear deal on Monday.

The announcement sent oil prices higher ahead of Netanyahu’s statement, which is scheduled for 1 p.m. ET on Monday. The oil market has been on edge ahead of a May 12 deadline, when President Donald Trump must decide whether to continue waiving sanctions against Iran under the terms of the nuclear deal or restore the penalties.

The substance of Netanyahu’s message was not immediately clear, but the liberal Israeli news agency Haaretz said the prime minister could reveal new documents alleging Iran “cheated the world regarding its nuclear program.” The statement will follow an emergency meeting of Netanyahu’s Security Cabinet, Israel National News reported.

The International Atomic Energy Agency has repeatedly confirmed that Iran is sticking to the terms of the 2015 accord, which Tehran negotiated with the United States, China, France, Germany, Russia and the U.K.

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