The Islamic republic is locked in negotiations with world powers to revive the 2015 deal that offered it sanctions relief in return for curbs on its nuclear programme
State television identified the launch as taking place in its northeastern Shahroud Desert, without specifying when
Oil prices soared more than 6%, touching their highest since 2008 on Monday after the United States and European allies mull a Russian oil import ban
Oil prices soared more than 10% in hectic trading as the risk of a US and European ban on Russian product triggered what was shaping up as a major stagflationary shock for world markets
Global stocks fell and oil prices rose on signs of an escalation in the Russia-Ukraine conflict after reports of a fire at a Ukrainian nuclear power plant after an attack by Russian troops
Iran and the remaining parties to the JCPOA, namely Britain, China, France, Russia and Germany, have held eight rounds of talks in Vienna in a bid to revive the deal
There is little chance of Iranian crude returning to the market in the immediate future to ease current supply tightness, analysts said
Most Asian buyers halted Iranian oil imports in 2019 after former US President Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on Tehran's oil exports
'Positive news from the U.S.-Iran nuclear negotiations is providing much-needed relief to global oil prices, as the possibility of new crude supplies reduces the supply-demand deficit,'
Oil markets have been dominated in recent weeks by Russia's threatening posture toward Ukraine
The comments came at a time when envoys from Iran and other parties are engaged in negotiations in the Austrian capital of Vienna to restore a 2015 nuclear deal
The benchmark oil prices are also in line for their first weekly decline after seven consecutive weekly gains
Brent crude futures rose 65 cents, or 0.7%, to $92.20 a barrel at 1140 GMT, while U.S. West Texas Intermediate crude was at $90.64 a barrel, up 98 cents, or 1.1%
Brent crude futures rose 41 cents, or 0.5%, to $91.19 a barrel by 0422 GMT, while U.S. West Texas Intermediate crude was at $89.74 a barrel, up 38 cents, or 0.4%
Ahead of the resumption of indirect talks between the United States and Iran on Tuesday, oil prices eased
The Biden administration has been trying to revive the deal, which lifted sanctions against Tehran in exchange for restrictions on its nuclear activities
The United States pulled out of the Vienna accord in 2018 under then President Donald Trump and reimposed heavy sanctions on Iran
Diplomats and analysts say the longer Iran remains outside the deal, the more nuclear expertise it will gain
The Biden administration restored some sanctions relief to Iran's atomic programme as talks aimed at salvaging the languishing 2015 nuclear deal enter a critical phase.
Talks on the 2015 Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action, were paused temporarily, the European Union has said